• JPMorgan Chase CEO Jamie Dimon said rising interest rates and geopolitical tensions will lead to a recession before the end of 2023.
• “These are very, very serious things which I think are likely to push the U.S. and the world — I mean, Europe is already in recession — and they’re likely to put the U.S. in some kind of recession six to nine months from now,” Dimon said.
• Dimon expressed concerns that the U.S. could slide into a recession next year as the Federal Reserve increases interest rates to curb inflation.
• He also added, “a lot will be reliant on what happens with this war” in Ukraine.

Tagged: #Bidenflation