Jamie Dimon, the chief executive officer of JP Morgan, just issued a major economic warning. Suggesting that debt charge rates and inflation could rise more into the future and that the US Economy still faces high risks of recession.
This warning is a reminder to home buyer, stock investors, and economic analysts that there is significant downside uncertainty to the economy. And that Jerome Powell and the Federal Reserve might have difficulty cutting rates in 2024. In fact – they might eventually be forced to increase rates if CPI/inflation figures continue to come in hot.
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