Much like everyone else at the moment, JPMorgan Chase & Co. is confused about where the economy is headed. It has less to worry about than most, though. At JPMorgan’s annual investor day on Tuesday, Chief Financial Officer Marianne Lake gave a cautious outlook. Downside risks to the economy are higher now than they have been for some time, she said. Indications of a coming recession “are not flashing red, but they are off the floor.” Uncertainty over global trade tensions and Brexit further cloud the outlook.

Source: Wall Street Journal February 26, 2019 17:35 UTC