Despite progress in U.S.-China trade negotiations, JPMorgan Chase CEO Jamie Dimon has cautioned about the possibility of a looming recession. Speaking at JPMorgan’s annual meeting in Paris, he expressed serious concerns, stating, “I would not rule out the risk of a recession at this time.” This comes after JPMorgan economists lowered their prediction for a U.S. recession from 60% to below 50%. The positive market response to trade talks, including a surge in the Dow Jones Industrial Average by 1,100 points, underscores optimism surrounding economic developments. Dimon acknowledged his infrequent interactions with President Donald Trump but maintains communication with government officials for navigating potential challenges.