JPMorgan’s comments have given us a different look into the current economic storm. Daniel Pinto, the president and COO of JP Morgan Chase told analysts at an investor conference that their estimates for Morgan’s 2025 earnings were too high. Specifically, he was talking about Net Interest Income in 2025.

Ally Financial also warned that borrowers are struggling with inflation and a slowdown in jobs.

These events offer insight into the economic storm we have been mentioning. As this storm continues to build strength we will see more of this, but remember, “medicine” is coming next week in the form of rate cuts. Stay up-to-date with our weekly videos, and monitor the storm with us.