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Jamie Dimon has no idea what's coming for the US economy

Jamie Dimon has no idea what's coming for the US economy

US equity futures are 1% lower today in part because of disappointing bank earnings.

JPMorgan added $2.3 billion to provision for credit losses in an increase from $1.6 billion in Q3 and sees a “mild recession” in its “central case.”

CEO Jamie Dimon said: "The US economy currently remains strong with consumers still spending excess cash and businesses healthy. However, we still do not know the ultimate effect of the headwinds coming from geopolitical tensions including the war in... Read More

Posted: Jan 13 2023, 13:17
Author Name: forexlive
Views: 110822

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