JP Morgan CEO: Recession remains the most likely outcome for the U.S. economy

Jamie Dimon, CEO of JPMorgan Chase, reiterated that a recession remains the most likely outcome for the U.S. economy, insisting that there is only a 35% to 40% chance of a "soft landing". In an interview with CNBC, Jamie Dimon highlighted the continued uncertainty facing the market, pointing to geopolitics, housing, deficits, spending, quantitative tightening, elections, all of which could cause panic in the market. While he was cautious, he acknowledged that the economy is performing better than expected.