Immigration is boosting the U.S. economy and has been 'really underestimated,' says JPMorgan research head
Publishing timestamp: 2024-03-22 08:12:56
Summary
The U.S. Federal Reserve raised its GDP growth projection for 2024, citing the impact of immigration on the economy. Despite inflation concerns, the labor market remains strong. JPMorgan sees inflationary pressures persisting due to high government spending and immigration.
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Keywords: inflation, politics, prices, economy, immigration, wall street, breaking news: economy, u.s. economy, banks, jobs, united states, economic events, jpmorgan drn, breaking news: politics, business news,