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Stock impact report

As bad as you may think the economy is now, it's nowhere near the 1970s [CNN]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNN
Symptoms of stagflation include (but are not limited to), stagnating economic growth combined with rising inflation. So March's ugly inflation report , which showed an unexpected jump in the pace of price increases, and the lackluster GDP report, made the diagnosis seem like a no-brainer. Even JPMorgan Chase CEO Jamie Dimon said last month the US economy “looks more like the 1970s than we've seen before” and that stagflation is a growing risk. But Federal Reserve Chair Jerome Powell said any positive stagflation tests were false positives. “I don't see the stag or the ‘flation,” he told reporters at a press conference earlier this month after Fed officials voted to leave interest rates unchanged. “I was around for stagflation. It was 10% unemployment. It was high single-digits inflation and very slow growth,” he added, referring to stagflation in the 1970s after a spike in oil prices during the Arab oil embargo. Ad Feedback I, being a Gen Zer, can't speak to that period fir Show less Read more
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