JPMorgan CEO Jamie Dimon says the economy ‘is weakening’

## Jamie Dimon Sees Signs of Economic Weakening

This article reports on JPMorgan Chase CEO Jamie Dimon’s assessment of the current U.S. economy, highlighting his concerns about a slowdown. 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 revision in over two decades.
• **Dimon’s Assessment:** Dimon believes the economy is weakening, though he’s unsure if it’s heading towards a recession.
• **Recent Employment Slowdown:** The report follows recent data showing a near-halt in job growth in July and weak August figures.
• **Dimon’s Perspective:** Investors pay attention to Dimon’s views due to his experience leading JPMorgan Chase.
• **Mixed Signals:** Dimon notes mixed signals, with consumer spending still present but confidence potentially waning.
• **Federal Reserve Action:** Dimon expects the Federal Reserve to lower interest rates at its next meeting.

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