Connect with us

CELEBRITY

BREAKING:”Dimon Warns Recession Will Hit US in A Month During Trump’s Tariff, As Conflict Escalates” He Said The…Read More…

Published

on

Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil

Recession fears have been rising on Wall Street as the Trump tariffs spur uncertainty about how far the trade war will escalate.

JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.

 

With the trade war between the U.S. and China intensifying, stocks and bonds sold off aggressively again in morning trade. Stock market futures slumped and bond yields spiked amid concerns over financial and economic stability brought on by the tit-for-tat exchange between the two nations.

“I think probably that’s a likely outcome, because markets, I mean, when you see a 2000-point decline [in the Dow Jones Industrial Average], it sort of feeds on itself, doesn’t it,” Dimon said on Fox Business’ “Mornings With Maria” show. “It makes you feel like you’re losing money in your 401(k), you’re losing.

Recession fears have been rising on Wall Street as the Trump tariffs spur uncertainty about how far the trade war will escalate.

 

In the latest development, China said it will slap an 84% tariff on all U.S. goods, up 50 percentage points from the previous level, as U.S. reciprocal duties take effect around the world. Dow futures were off more than 800 points while the 10-year Treasury yields soared nearly 20 basis points, or 0.2 percentage point.

JPMorgan economists expect U.S. gross domestic product to contract 0.3% this year, a mild recessionary call but coming after a strong year for growth.

 

“Markets aren’t always right, but sometimes they are right,” Dimon said. “I think this time they are right because they’re just pricing uncertainty [at] the macro level and uncertainty [at] the micro level, at the actual company level, and then how it affects consumer sentiment. It’s hard to tell.”

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NFL2 hours ago

“I Wasn’t Ready for This…” — Hulk Hogan’s Wife Finally Breaks Her Silence in Heartbreaking Statement, Stuns Fans by Reaching Out to Ex-Wife Linda: “We Shared the Same Man… Now We Share the Same Goodbye.”

NFL10 hours ago

The final moments left viewers frozen in shock: Jessica Radcliffe — the seasoned trainer at Pacific Blue Marine Park — beamed at the audience, waving warmly, unaware of what was coming. In the now-viral footage, the k!ller whale’s demeanor shifted in an instant… and what followed plunged the entire arena into a haunting silence. But what the footage didn’t capture were the strange events that occurred in the hours before the show — reports of odd whale behavior, Jessica’s sudden phone call to an unknown number, and a mysterious black van parked behind the facility. Was it just a tragic accident… or something more? The investigation remains open — and so do the questions. Read more…

NFL10 hours ago

“Some stuff you just take to the grave,” Sexy Redd Over Panics As Stank sᴛɪ Puts Her Life In Danger| Blames Boosie Sexy Redd is in full-blown panic mode, and it’s not just rumors this time. (Full story below:)

NFL17 hours ago

Beyoncé Refused to Perform at Any Shows This Week — Here’s What She Did on Ozzy Osbourne’s Behalf. What she sent to the memorial — right down to the number of lilies — carried a cryptic message that only close friends understood. A haunting reminder of lyrics Ozzy wrote in 1979.

NFL1 day ago

Rihanna showed clear irritation at A$AP Rocky’s joke — but if you knew what A$AP had done just five minutes earlier, you’d probably be even more upset than Rihanna

NFL2 days ago

Brooke Hogan has broken her silence about the final moment she shared with her father before his sudden passing at 71. After years of painful distance and a fractured relationship, their last conversation is now being talked about—leaving fans emotional and reflecting on the pain that never fully healed. Details below!

NFL2 days ago

What Happened To R. Kelly In Jail? In the shadowy corridors of America’s federal prison system, the story of R. Kelly—once the undisputed King of R&B—has taken a dark, labyrinthine turn. Now, with Kelly’s health and safety in question, and with new legal filings blowing the lid off what really goes on behind bars, the world is asking: What happened to R. Kelly in jail?

NFL5 days ago

“Tell Mom I Forgive Her…” — Brooke Hogan’s Final Words to Her Father Revealed as Celine Dion & Josh Groban Deliver Tearful Tribute Before 20,000 Weeping Fans Just hours before Hulk Hogan’s passing at 71, his daughter Brooke whispered a final message into his ear: “Tell Mom I forgive her. And I love you, Dad.” The family, long torn by bitter feuds, was fractured to the end. But that one sentence—raw, tender—was enough to crack even the hardest hearts. At the public memorial held at Raymond James Stadium, over 20,000 fans gathered in silence as Celine Dion and Josh Groban stepped onto the stage. They performed a haunting duet of “You Raise Me Up” under dimmed lights. As the final note echoed, people were seen openly sobbing in the crowd—grown men, longtime fans, even security guards. This wasn’t just a farewell. It was a healing. And a daughter’s love that rose above all……full video below

NFL5 days ago

HEARTBREAKING NEWS: At the last tribute to WWE icon Hulk Hogan, surrounded by white wreaths and the soft shimmer of candlelight, his cherished Chihuahua — Duke — was carried by the family to rest quietly by the casket, his mournful eyes still seeking the resonant, familiar voice that once summoned him. The devoted companion who supported Hogan through years of loneliness had now transformed into a quiet emblem of unspoken loyalty, touching everyone present — including onlookers — to tears. And as the tiny dog tenderly laid his head against the casket, it seemed the whole world realized: a mighty champion had left… yet the love nestled in the hearts of even the tiniest beings would endure eternally.

NFL5 days ago

JUST IN: ABC News Just Reported that Kayla Nicole has asked Taylor Swift to hide her face in shame as she flaunts her multi-million dollar engagement ring with ex-boyfriend Travis Kelce in…

NFL5 days ago

SHOCKING LOSS: Just when we thought we had seen it all, Taylor Swift penned a powerful, tear-jerking song for Travis Kelce’s beloved mother, Donna, who tragically passed away. In the midst of the mourning, Taylor’s emotional tribute became a raw, intimate farewell – but what’s the real story behind this song? It’s more than just a tribute, it’s a moment of deep sorrow that no one expected. Watch the heart-wrenching moment unfold.

NFL7 days ago

BREAKING: Diddy Attacked in Prison — “I Can’t Take It Anymore…” He Broke Down in Tears, Then Hours Later… Violence Erupted. What Really Happened? SEE MORE…

Copyright © 2024 USArite