Market Volatility Ain’t Over, Dimon Tells Investors

JPMorgan CEO Jamie Dimon remains wary of ongoing market instability, citing global geopolitical tensions and U.S. tariff policy as key sources of volatility, Eleanor Pringle reported for Fortune.

Dimon downplayed concerns that tariffs would drive runaway inflation but warned that they continue to rattle businesses and investors alike.

While Dimon believes the U.S. remains a solid long-term investment, he emphasized that uncertainty remains, especially in light of President Trump’s fluctuating tariff policies—even after recent trade deals with the UK and China.

He downplayed concerns that tariffs would drive runaway inflation but warned that they continue to rattle businesses and investors alike.

Speaking to Bloomberg in Paris, Dimon said: “I think it’s a mistake to think we can go through all the things we’re going through and that the volatility itself will come down.”

He added that although some clients had profited from recent market swings, others had suffered losses.

Dimon also welcomed the Trump administration's breakthrough with UK Prime Minister Keir Starmer’s government but said more uncertainty lies ahead. “I would expect continued volatility,” he said.