Jamie Dimon, the chairman and CEO of JPMorgan Chase, has expressed concerns about the possibility of stagflation in the U.S. economy. Speaking at the JPMorgan Global China Summit in Shanghai, Dimon stated that a “hard landing” for the U.S. cannot be ruled out. He believes that the worst outcome for the economy would be a stagflation scenario, where inflation continues to rise while growth slows amid high unemployment.
This is why the #FED needs other Central Banks to do their (political) work
Not only they have no excuse of any kind to cut (and they never had despite many wild dreams of QE), but economic forces pressure is mounting on them to hike before things really go ballistic 🙄 https://t.co/sZq1DbPFVA pic.twitter.com/4HG3Z7Tpws
— JustDario 🏊♂️ (@DarioCpx) May 30, 2024
Inflation rate fell from 9.1% in June 2022 to 3.4% in April.
PRICES ARE STILL RISING THOUGH AT A SLOWER RATE
Imagine 100% Y/Y inflation on $100. Next year, it gives $200. Then assume inflation falls to 50% in the 2nd year.
Thus, in the 2nd it rises to $300, NEXT $100 increase. pic.twitter.com/eWa5epAWZD
— Global Markets Investor (@GlobalMktObserv) May 30, 2024