The consumer is "fine" but inflation is "not going down," Dimon says

What they're saying: "In the short run, it looks like the American consumer is doing fine, is chugging along, companies are making profits, stock markets are high — that could easily continue," Dimon told Fox News' "Sunday Morning Futures."

• "There are little small negatives: Jobs are weakening, but just a little bit, inflation is there and maybe not going down."

The intrigue: Dimon sees AI impacting science and productivity but doubted it was on the cusp of upending the labor market.

• "Jobs have gotten a little weaker, wages have gotten a little weaker, and when you talk to businesses, they're going to be a little more cautious hiring. That's not because of AI, that's just because they want to do more with less," Dimon said.
• "I don't think AI is going to dramatically reduce jobs unbelievably next year," Dimon added.

The bottom line: Early signs suggest the consumer is still shopping this holiday season, but unease over the cost of living is rising quickly as well.

• The economy's fragile balance could easily tip in any of a number of directions from here.