Jamie Dimon Says U.S. Recession Still a Real Possibility Amid Global Instability

JPMorgan Chase CEO Jamie Dimon has cautioned that the possibility of a U.S. recession still looms large, citing a convergence of geopolitical instability and unresolved domestic issues as key threats to economic momentum.

Speaking in a Bloomberg interview, Dimon noted that while his firm’s economists estimate a 50% chance of a recession, the outcome remains unpredictable. “We hope to avoid it,” he said, “but I wouldn’t rule it out.”

Dimon pointed to a range of destabilizing factors contributing to market volatility—including escalating tensions in the Middle East, the ongoing war in Ukraine, unresolved fiscal policies in the U.S., and uncertainty surrounding international tariffs.

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The growing federal deficit and a pending tax bill only add to the mix of concerns.

He also touched on recent progress in global trade diplomacy, referencing a preliminary U.S.-UK deal and the easing of some trade restrictions. While welcoming the steps, Dimon emphasized that much remains uncertain, especially regarding future negotiations with China.

“Starting dialogue is good for markets,” he said. “But we’re far from clarity.”

Deyan Angelov

Active crypto trader who also follows news related to stocks, the S&P 500, and gold. Deyan enjoys staying physically active, trains regularly, and practices calisthenics. He also likes reading sci-fi books when he has the time.