Jamie Dimon Says a Mild Recession Is Still on the Table: ‘There’s a Lot of Uncertainty Out There’

As the U.S. economy continues to remain volatile, JPMorgan Chase is warning that a recession is not off the table.

In an analyst note published Wednesday, economists at JPMorgan raised the odds of a recession this year from 25% to 35%, noting there’s also a 45% chance of a recession in the second half of 2025.

Related: Stock Market Tumbles After Global Selloff as Investors Panic Over Jobs Report, Economic Indicators

“U.S. wage inflation is now slowing in a manner not seen in other DM [developed market] economies,” the note said. “Easing labor market conditions increase confidence both that service price inflation will move lower and that the Fed’s current policy

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