JPMorgan CEO Jamie Dimon says can't rule out 'hard landing' for the U.S., stagflation will be 'worst outcome'
Publishing timestamp: 2024-05-23 11:28:35
Summary
JPMorgan Chase's chairman and CEO, Jamie Dimon, warns of a possible "hard landing" for the U.S. economy, citing concerns about stagflation. He believes interest rates could still go up and inflation may be stickier than expected. The Fed is also growing more concerned about inflation, with traders expecting rate cuts by September.
Sentiment: MIXED
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