JPMorgan Chase CEO Jamie Dimon on Thursday cautioned that markets are too optimistic about the odds of a soft landing as the U.S. economy continues to battle still-high inflation and interest rates. "The odds of a soft landing, the market kind of prices in 70%. I think it's half of that," Dimon said during an interview with The Wall Street Journal.
The deficit is 6% of GDP, almost $2 trillion," the chief executive of America's largest bank said. "That's driving a lot of this growth and that will have other consequences, possibly down the road, called inflation, which may not go away like people expect." His comments are the latest in a string of warnings about the outlook for the economy.
Source: Financial Digest (financialdigest.net)
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