JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon warned that the U.S. may be nearing an economic turning point, warning of possible deterioration in coming months during remarks at a Morgan Stanley conference on Tuesday. Dimon cited risks linked to government spending trends.
Dimon said the fading effects of stimulus measures leave the U.S. vulnerable, suggesting that real economic indicators could soon worsen, according to CNBC. “I think there’s a chance real numbers will deteriorate soon,” he said.
Tariffs and Sentiment Drag on Outlook
Despite job and consumer spending growth, he flagged weakening sentiment among businesses and …