JPMorgan Chase CEO: Global tensions are increasing and cautious about the economic outlook

JPMorgan Chase CEO Jamie Dimon was cautious about the economic outlook during the company's third-quarter 2024 earnings call. He highlighted concerns about global instability: "We have been watching the geopolitical situation closely for some time, and recent events have shown that the situation is very dangerous and is getting worse." He added: "Humanity has suffered tremendously, and the outcomes of these situations may have profound effects on short-term economic outcomes, and more importantly, on the course of history." It emphasized that as geopolitical tensions escalate, widespread chaos may occur, and warned that this will have serious consequences for global markets. Dimon also talked about the US economy. He acknowledged that although inflation is cooling and the US economy remains strong, some potential risks remain. He believes: "Several key issues remain, including large fiscal deficits, infrastructure needs, trade restructuring, and global remilitarization." He stressed the need to remain vigilant and urged to be prepared for unpredictable economic changes. "While we hold the best hope, these events and the prevailing uncertainty show why we must be prepared for any environment," he concluded. (Bitcoin.com)