JPMorgan's Jamie Dimon Warns of Potential Hard Landing for U.S. Economy

JPMorgan Chase CEO Jamie Dimon has warned of a potential 'hard landing' for the US economy, citing concerns about stagflation, high inflation, and volatile stock markets. Despite current consumer strength, Dimon believes the odds of economic downturn are higher than many anticipate, with interest rates possibly rising further. This comes as JPMorgan's chief market strategist predicts a significant drop in the S&P 500 by year-end, urging caution among investors.