JP Morgan & Co. chief executive officer Jamie Dimon sounded a warning for the US economy, as he flagged stagflation risk amid multiple challenges like geopolitics, deficits and price pressures. Speaking at JPMorgan’s Global China Summit in Shanghai, Dimon rejected the idea that the US economy is currently in a “sweet spot.” Stagflation is an…
April 25 – There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday. The trade war started by the U.S. administration of Donald Trump…
Don’t expect the Federal Reserve to rescue the US economy from the epic tariffs imposed by the Trump administration on imports from most of the world. The only question now is how bad the damage will be. The US President’s attack on free trade is truly extraordinary in its scope, scale and lack of nuance….
After all, the US was pretty close to full employment and its labour market has been fairly tight for years. Inflation had begun to float down. So it is inexplicable why he would break something that wasn’t broken. As Fareed Zakaria set out in a recent video, in 1990 the US economy was the same…
ORLANDO, Florida, March 20 (Reuters) – TRADING DAY Post-Fed rally fades, global caution mounts U.S. markets struggled for clear direction on Thursday, as investors cooled some of their optimism around Federal Reserve Chair Jerome Powell’s view that the economy is in good shape and tariff-related price rises will be transitory. Wall Street’s bullish momentum from…
Might this be the year that stagflation returns to the US? It has been half a century: The last time the US economy had both excessively high inflation and unduly high unemployment was in the mid-1970s, with inflation rates reaching 12.2% in 1974 and unemployment at 8.5% in 1975. The new stagflation is unlikely to…
ORLANDO, Florida, Feb 20 (Reuters) – Policymakers around the world may not like the word ‘stagflation,’ but they’re going to hear a lot more it this year if the import tariffs U.S. President Donald Trump is threatening open up a global trade war. “I don’t use the word stagflation,” Bank of England Governor Andrew Bailey…
