Stagflation
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đš JPMorgan Chase CEO Warns: Stagflation Could Be on the Horizon! đš
Jamie Dimon, CEO of JPMorgan Chase, is sounding the alarm! đš In a recent report, Dimon warned that the worst possible economic outcomeâstagflation (a mix of recession and high inflation)âis still on the table. While inflation has cooled off, with the CPI rising by just 2.5% in August (the lowest in 3 years), Dimon isnât convinced weâre in the clear yet. â ïž
With the Federal Reserve eyeing an interest rate cut at their September 18th meeting, theyâre aiming to hit their 2% inflation target for the U.S., but Dimon cautions we could still face a rocky road ahead. đȘïž
Last week, JPMorgan Chase shares took a hit after the bank admitted its net interest income (NII) estimates might have been overestimated. đ
Stay tuned as the financial landscape continues to shift! đ
#MarketUpdate #Stagflation #BinanceInsights #CryptoEconomy #BinanceTurns7
Jamie Dimon, CEO of JPMorgan Chase, is sounding the alarm! đš In a recent report, Dimon warned that the worst possible economic outcomeâstagflation (a mix of recession and high inflation)âis still on the table. While inflation has cooled off, with the CPI rising by just 2.5% in August (the lowest in 3 years), Dimon isnât convinced weâre in the clear yet. â ïž
With the Federal Reserve eyeing an interest rate cut at their September 18th meeting, theyâre aiming to hit their 2% inflation target for the U.S., but Dimon cautions we could still face a rocky road ahead. đȘïž
Last week, JPMorgan Chase shares took a hit after the bank admitted its net interest income (NII) estimates might have been overestimated. đ
Stay tuned as the financial landscape continues to shift! đ
#MarketUpdate #Stagflation #BinanceInsights #CryptoEconomy #BinanceTurns7
