new york june 2 reuters  jpmorgan chase  cos jpmn president and chief operating officer daniel pinto said loan demand is declining at a time when regional and small banks are also tightening credit there is no doubt that regional banks and smaller banks are building up liquidity building capital so they are lending a bit less pinto told investors on friday i dont think that the big banks have really changed their lending standards there is not a huge amount of loan demand in the first place consumption remains positive but there are some indications the economy is slowing pinto said he expected the federal reserve to raise rates further likely the fed will get to run towards 55 and then they will pause to assess whether efforts to curb inflation have succeeded pinto said if inflation accelerates further the fed could raise rates 50 basis points with a series of smaller rate hikes he said there will be a recession at some point pinto said but i dont see for the moment a crisis its just a slowdown in the economy he said pinto joined rivals in warning the slowing economy and uncertain outlook will make this year tough for investment banking but he stressed jpmorgan will keep investing in mergers and acquisitions jpmorgans revenue for investment banking and trading are expected to decline 15 in the second quarter pinto said last month at the banks annual investor day uncertainty and increased market volatility as central banks approach the end of their monetary tightening cycles have dented investment banking demand rival goldman sachs gsn has said its dealmaking and trading revenue may slide by 25 in the second quarter leading to job cuts andy saperstein copresident of morgan stanley warned on wednesday that trading results will be notably down in the second quarter versus a year earlier while investment banking is also very challenged bank of america corp bacn expects investment banking fees and trading revenue to be broadly flat this quarter