Dimon Calls Out Weaker Job Market, Inflation as Provisions Rise

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon raised the specter of a weakening labor market and sticky inflation as his bank reported provisions for credit losses that were slightly higher than expected.

“There have been some signs of a softening, particularly in job growth,” Dimon said in a statement Tuesday as JPMorgan reported third-quarter earnings, adding that “there continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs and trade uncertainty, elevated asset prices and the risk of sticky inflation.”