_{US NEWS}

Jamie Dimon Issues Stark Warning: Don’t Count Out a Recession Just Yet

JPMorgan Chase CEO Jamie Dimon warned that U.S. economic conditions could worsen soon, casting doubt on hopes for a "soft landing." Speaking at a Morgan Stanley conference, Dimon predicted modest increases in inflation and unemployment, noting that weakening consumer strength and reduced immigration could strain the labor market.

He also expressed caution about the private credit market, saying it’s not an attractive investment right now due to pricing and risk. Dimon emphasized that surveys showing low business and consumer confidence don’t necessarily predict turning points, but warned that underlying data may soon reflect real economic deterioration.

Dimon has consistently voiced concerns about a potential recession, though JPMorgan recently lowered its recession odds after Trump paused certain tariffs on China. Still, Dimon maintains that a downturn remains “on the table.” Read More.

_{ECONOMIC NEWS}

Consumers Bear the Burden of Trump’s Tariffs, Fed Survey Finds

A recent survey by the Federal Reserve Bank of New York reveals that most businesses in the New York and northern New Jersey region are passing the cost of Trump’s increased tariffs directly onto consumers. Manufacturers now face an average tariff rate of 35%, while service firms report 26%, both sharply up from six months ago.

Nearly 75% of affected businesses have raised prices—many within a week of facing higher costs. Roughly one-third of manufacturers and nearly half of service firms are passing the full cost increase on to customers. The uncertainty around future tariff policies has only added to pricing volatility, with many firms adjusting supply chains and pricing strategies in anticipation of further changes. Read Now.