JP

JP Morgan Chase boss Jamie Dimon echoed the concerns this month.

Some insulation has come from booming AI tech sector share valuations, creating a profound wealth effect in certain households across the US, calculated by JP Morgan economists as worth $180bn per year.

Those concerns were echoed in remarks from JP Morgan Chase boss Jamie Dimon and to some extent US central bank chair Jerome Powell.

Both arrived less than a day after JP Morgan Chase CEO Jamie Dimon, Wall Street’s voice of vigilance, warned of “cockroaches” in the banking system following the bankruptcies of First Brands and Tricolor.

In addition, there have also been warnings that the surge in artificial intelligence investment has produced a bubble in the US stock market - including from Jamie Dimon, the boss of America's biggest bank, JP Morgan - leading to fears that shares are overvalued.