11 October 2022 | Other

JPMorgan CEO warns of recession in 6-9 months

According to CNBC Monday’s news, JPMorgan Chase & Co CEO, Jamie Dimon, claimed that the U.S. and the global economy have many chances to face a recession in the 6-9 months.

In the interview, he highlighted indicators of a potential recession. These include inflation that cannot be controlled, significant interest rate hikes and unclear implications of the tight Fed policy.

Dimon also stressed the gravity of the coming situation. In his opinion, a recession in the U.S. could be triggered by Europe, as European countries themselves are already in a recession.

CNBC also reports Dimon forecasts the S&P 500's 20% drop is more than real. At the same time, the next similar fall will hit harder than the first one.

Company MarketCheese
Brent sell
Period: 06.02.2026 Expectation: 450 pips
Brent prices lose upward momentum and prepare for correction
30 January 2026 36
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 31.08.2026 Expectation: 35200 pips
Investing in BTCUSD down to $72,800
30 January 2026 39
Period: 28.02.2026 Expectation: 1100 pips
Buying SPX from support at $6,820
30 January 2026 17
Period: 06.02.2026 Expectation: 1200 pips
GBPUSD correction extends ahead of new Fed Chair announcement
30 January 2026 23
Period: 06.02.2026 Expectation: 1870 pips
AUDCAD is poised to rise ahead of RBA meeting
30 January 2026 19
Period: 06.02.2026 Expectation: 30000 pips
Investing in ETHUSD with $2,700–$2,800 range on horizon
29 January 2026 56
Go to forecasts