{"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":"
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
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
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