{"id":137301,"date":"2024-09-16T16:00:40","date_gmt":"2024-09-16T13:00:40","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137301"},"modified":"2024-09-16T10:56:36","modified_gmt":"2024-09-16T07:56:36","slug":"gloomy-outlook-for-u-s-economy-from-jpmorgan-ceo","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/gloomy-outlook-for-u-s-economy-from-jpmorgan-ceo\/","title":{"rendered":"Gloomy Outlook for U.S. Economy from JPMorgan CEO"},"content":{"rendered":"<p>Speaking at an event hosted by the Council of Institutional Investors in New York, Dimon highlighted the risk of stagflation\u2014an economic condition combining recession with high inflation. He cautioned that inflationary pressures, particularly over the next few years, could lead to this challenging scenario.<\/p>\n<p>Meanwhile, data from the Bureau of Labor Statistics showed that the annual Consumer Price Index (CPI) growth slowed to 2.5% in August, the smallest increase in three years.<\/p>\n<p>With the Federal Reserve aiming to keep inflation at 2%, discussions around potential interest rate cuts are expected at the upcoming meeting on September 18.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/fed-upcoming-meeting-set-to-trigger-stock-market-surge\/\" title=\"Fed Upcoming Meeting Set to Trigger Stock Market Surge\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2021\/08\/crypto-candlestick-chart-green-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Fed Upcoming Meeting Set to Trigger Stock Market Surge<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In other news, JPMorgan&#8217;s stock took a hit after the bank adjusted its forecast for net interest income (NII), with President Daniel Pinto <strong><a href=\"https:\/\/qz.com\/jpmorgan-chase-stock-net-interest-income-nii-2025-1851644744\">acknowledging<\/a><\/strong> that the initial projection of $90 billion may have been overly optimistic, according to <strong><a href=\"https:\/\/www.reuters.com\/business\/finance\/jpmorgan-sees-15-jump-investment-banking-fees-third-quarter-2024-09-10\/\">Reuters<\/a><\/strong>.<\/p>\n<p>Despite this, Pinto remained upbeat about the bank\u2019s overall performance, emphasizing its solid positioning. JPMorgan\u2019s shares dropped by 7%, their sharpest decline since 2020, but the stock has still seen a growth of over 18% this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase CEO Jamie Dimon recently raised concerns about the U.S. economy, citing the potential impact of inflation and increasing deficits.<\/p>\n","protected":false},"author":3,"featured_media":83744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60],"tags":[],"class_list":["post-137301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gloomy Outlook for U.S. Economy from JPMorgan CEO<\/title>\n<meta name=\"description\" content=\"JPMorgan Chase CEO Jamie 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