The financial hurricane that JPMorgan CEO Jamie Dimon warned about in June could be much less extreme than at first feared, according to a new report from the financial institution. On Wednesday, JPMorgan economists Michael Feroli and Daniel Silver wrote that they see the U.S. in a “moderate economic downturn” in the next 50 {515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} 2023 as the Fed appears to be to complete its mission to flatten inflation. “We’re proficiently wanting for a Class 1 financial hurricane,” the economists wrote. “What are the dangers? Weakness could construct on alone, requiring a much larger response by the Fed to get the financial system again on keep track of.” The be…