Mikkel Rosenvold
10 weeks ago

JP Morgan: Our prediction for the US economy in 2024

JP Morgan CEO Jamie Dimon weighed in on the market outlook for 2024
Phone screen that says "J.P. Morgan" laying upon a pile of US dollar bills.
Poetra.RH / Shutterstock.com

JP Morgan CEO Jamie Dimon made a series of remarkable statements to the Australian Financial Review Business Summit in Sydney on Tuesday, Bloomberg reports.

Dimon states that while the market is still pricing in a soft landing as the most likely scenario for 2024, he sees a wide range of potential outcomes.

Dimon states that he sees a lower possibility of a "soft landing scenario", but still wouldn't rule out an outright recession in the US.

At the same event, Dimon noted the "unbevelievable" potential of AI, which is at the center of most conversations in the corporate world currently.

Jamie Dimon is widely recognized as a leading figure in the banking sector, currently serving as the Chairman and CEO of JPMorgan Chase, one of the world's largest and most influential financial institutions.

His career began in American Express before co-founding Citigroup and later taking the helm at Bank One, which merged with JPMorgan Chase in 2004.

Under Dimon's leadership, JPMorgan Chase has navigated through financial crises and emerged stronger, showcasing his strategic foresight and resilience. Dimon's tenure has been marked by significant growth, solidifying JPMorgan's position as a banking powerhouse.

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