Banking Crisis has Increased The Risks of A Recession, JPMorgans Dimon Claims


In a recent interview with CNN, JPMorgans Dimon says the banking crisis has increase the chance of a recession, that while the remains banking system is strong and sound, we are seeing people reduce lending a little bit, cut back a little bit and pull back a little bit.

Today the US initial jobless claims came out weaker than expectations along with revisions going back in time. An adjustment of the seasonals is to blame as the Labor Department struggles with the impact from Covid.

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