JPMorgan CEO Cautions on Recession Despite Trade Progress

According to BlockBeats, JPMorgan Chase CEO Jamie Dimon has expressed concerns about the possibility of an economic recession, despite progress in tariff negotiations. Speaking at JPMorgan's annual meeting in Paris, Dimon stated, "I would not rule out the risk of a recession at this time." Previously, JPMorgan economists had reduced the likelihood of a U.S. recession from 60% to below 50%. The market has reacted positively to the advancements in U.S.-China trade talks, with the Dow Jones Industrial Average surging by 1,100 points at one point. Dimon mentioned that although he does not frequently meet with U.S. President Donald Trump, he maintains communication with government officials.