02:11 PM EDT, 09/09/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) Chief Executive Officer Jamie Dimon said the latest labor market data indicates the US economy is slowing, CNBC reported Tuesday, citing an interview.

Earlier Tuesday, the Bureau of Labor Statistics revised its nonfarm payrolls data lower by 911,000 jobs in the 12 months through March from initial estimates.

"I think the economy is weakening," Dimon said, according to the report. "Whether it's on the way to recession or just weakening, I don't know."

The Federal Reserve "probably" will cut its benchmark interest rate later this month, though the move might not "be consequential to the economy," Dimon said, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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