JPMorgan CEO Estimates Probability of Recession on Client Call: Yahoo

JPMorgan CEO Estimates Probability of Recession on Client Call: Yahoo

  • JPMorgan CEO Jamie Dimon spoke to some of the bank’s wealthy clients on a call Tuesday, Yahoo reported
  • He said there’s a 20-30% chance of a “harder recession” and equal odds of “something worse.”
  • He described current risks as “storm clouds,” an apparent downgrade from his June warning of a “hurricane.”

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