Jamie Dimon warns the world order is being challenged — and bashes crypto once more [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
The JPMorgan CEO warned sticky inflation, more interest-rate hikes, and a recession remain threats. The world order is being challenged, and crypto's done little despite a decade of hype, Dimon said. Most people are financially healthy , but economic and geopolitical threats could spoil the party, Jamie Dimon warned on Tuesday. Consumers have seen their homes and stock portfolios surge in value in recent years, and they're spending a historically low percentage of their incomes on debt repayments , the JPMorgan CEO told the Economic Club of New York. People are also benefiting from strong economic growth and near-record employment, but they won't be immune if disaster strikes, Dimon said. "Even if we go into recession, the consumer's in good shape," he said in a clip of the interview posted by Bloomberg. "That doesn't mean you can fight off the effects of stagflation , something like that, if it gets much worse." "So far we're in pretty good shape, and so far it looks lik
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- ‘Too Big to Fail' Banks Have Unfair Advantage, CFPB Chief Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Fed-Obsessed Traders Need the Economy to Get Its Story Straight [Yahoo! Finance]Yahoo! Finance
- The 100 Best & Brightest MBAs: Class Of 2024 [Yahoo! Finance]Yahoo! Finance
- Fed-Obsessed Traders Need the Economy to Get Its Story Straight [BNN Bloomberg (Canada)]BNN Bloomberg
- JPMorgan Chase Investor Day 2024Business Wire
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- 5/3/24 - Form 424B2
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