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JPMorgan's Dimon warns of US stagflation risk, Bloomberg News reports
In a Bloomberg Television interview from the lender’s Global China Summit in Shanghai, Dimon said, "I don’t agree that we're in a sweet spot." He added that the U.S. Federal Reserve is doing the right thing to wait and see before it decides on monetary policy, as per the report. Earlier this month, the Federal Reserve decided to hold interest rates steady but warned that the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its policymakers grapple with the impact of U.S. President Donald Trump's tariffs.
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finance.yahoo.com
JPMorgan's Dimon warns of US stagflation risk, Bloomberg News reports
In a Bloomberg Television interview from the lender’s Global China Summit in Shanghai, Dimon said, "I don’t agree that we're in a sweet spot." He added that the U.S. Federal…
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No place to hide from any China-Taiwan conflict, investors say
SINGAPORE (Reuters) -Foreign investors could once barely imagine that China would invade neighbouring Taiwan, but with Donald Trump as president of the United States, many view it…
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huffpost.com
J.P. Morgan CEO Jamie Dimon Issues Warning About Trump Tariffs: ‘We Have To Be Prepared’
Jamie Dimon said during a global summit that “there’s a chance” the president’s policies could cause stagflation.