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ICYMI: JPMorgan CEO Dimon warns that high inflation could trigger "severe" US recession

ICYMI: JPMorgan CEO Dimon warns that high inflation could trigger

JPMorgan CEO Jamie Dimon spoke in an interview on CNBC on Tuesday US time.

Said:

  • Businesses are still in good shape
  • consumer spending remains strong, with households hoarding $1.5 trillion in excess savings from pandemic relief programs,

But, he says that may not last long:

  • "Inflation is eroding everything I just said, and that $1.5 trillion will run out sometime mid-year next year,"
  • "When you are looking that forward, those things ver... Read More
Posted: Dec 6 2022, 22:06
Author Name: forexlive
Views: 111486

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