JPMorgan Chase CEO Jamie Dimon warns of potential recession impact on commercial real estate and regional banks.
JPMorgan Chase CEO Jamie Dimon cautions that a recession and higher interest rates could negatively impact commercial real estate and regional banks, although he believes these issues can be contained to "pockets" of the sector if the US avoids a recession. Dimon also expressed concerns about market expectations for a soft landing for the US economy, stating that they are too optimistic and there is a better-than-even chance of a recession.
February 26, 2024
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