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0.000672703751617053 0.00103492884864174 0.000802069857697289 0.000517464424320799 -7.76196636480536E-05 -0.00258732212160414 -0.00269081500646821 -0.000258732212160326
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Jamie Dimon is skeptical about the odds of a 'soft landing' [FOX Business Network]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
JPMorgan Chase CEO Jamie Dimon on Thursday cautioned that markets are too optimistic about the odds of a soft landing as the U.S. economy continues to battle still-high inflation and interest rates. "The odds of a soft landing, the market kind of prices in 70%. I think it's half of that," Dimon said during an interview with The Wall Street Journal. "It looks a little bit more like the '70s to me, and I point out to a lot of people, things looked pretty rosy in 1972 – they were not rosy in 1973." At that time, unemployment and inflation were both high but economic growth was weak, a phenomenon now known as "stagflation." Dimon has reiterated concerns that the economy risks headed toward a repeat of 1970s-style stagflation, a warning that has grown louder in recent months amid signs that progress on inflation has flatlined. "Don't get lulled into a false sense of security that because today looks okay, tomorrow is going to be okay," he said. Dimon's comments come as Federal Res Show less Read more
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