JPMorgan CEO Jamie Dimon says the economy ‘is weakening’

## Jamie Dimon Sees Signs of a Slowing Economy

This article highlights JPMorgan Chase CEO Jamie Dimon’s assessment of the current U.S. economic landscape, based on recent Labor Department reports and his observations. Here’s a breakdown:

• **Job Market Revision:** The Labor Department revised down its nonfarm payrolls data for the year through March 2025 by a significant 911,000 jobs, the largest downward revision in over two decades.
• **Dimon’s Assessment:** Jamie Dimon believes the economy is weakening, though he’s unsure if it’s heading towards a recession.
• **Recent Employment Data:** Employment growth has slowed, with near-halt growth in July and a modest increase in August.
• **Dimon’s Perspective:** Investors pay attention to Dimon’s views due to his experience leading JPMorgan Chase. He has access to a wide range of economic data.
• **Consumer Confidence:** While most consumers still have jobs and are spending, their confidence may be waning.
• **Federal Reserve:** Dimon anticipates the Federal Reserve will likely lower interest rates at its next meeting.

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