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J.P. Morgan’s Dimon: Credit Trends Are Normalizing, but No Signs of Near-Term Recession
Low-income consumers may be pulling back, and high-income consumers may wind up spending their excess funds by the end of the year. However, J.P. Morgan CEO Jamie Dimon said in an interview Wednesday (Aug. 7) with CNBC that even as credit trends are normalizing, a near-term recession does not look like it’s in the cards. […]
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