America's top banker sounds warning on US stock market fall

"Opening with his take on the UK's economy, Dimon said he felt Rachel Reeves was doing a "terrific job", and he felt optimistic about some of the government's attempts to boost innovation and cut regulation. However, in the broader economic picture, he felt there were increased risks US stock markets were overheated. "I am far more worried about that than others," he said."

"There is a higher risk of a serious fall in US stocks than is currently being reflected in the market, the head of JP Morgan has told the BBC. Jamie Dimon, who leads America's largest bank, said he was "far more worried than others" about a serious market correction, which he said could come in the next six months to two years."

US stock markets face a higher risk of a serious correction than currently reflected in prices, with the potential to occur within six months to two years. The United States has become a less reliable partner on the global stage. Inflation remains a modest concern, while the Federal Reserve is expected to remain independent despite political pressures. Geopolitical tensions, fiscal spending, and global remilitarisation contribute to elevated economic uncertainty. JP Morgan will invest about 350m in a Bournemouth campus and provide 3.5m in philanthropic support to local non-profits. Optimism exists around innovation and regulatory cuts in the UK economy.

Read at www.bbc.com