Overview

• Jamie Dimon emphasized that a U.S. recession is still a serious possibility, despite recent 90-day tariff rollbacks with China and other nations.
• JPMorgan's chief U.S. economist Michael Feroli now estimates recession odds to be just below 50%, reflecting slightly improved economic outlooks.
• Dimon described the temporary tariff pauses as a positive step but noted that import taxes remain significantly higher than last year, continuing to weigh on the economy.
• The elevated tariff levels have caused businesses to delay investments and reassess plans, according to Dimon.
• While Dimon expressed hope for avoiding a recession, he stressed ongoing uncertainty in trade policy and its impact on market stability.