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Stock impact report

JP Morgan sees a slowdown coming, with economy growing at less than 2 percent in 2019 [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
Frederic J. Brown | AFP | Getty Images A container delivery truck passes containers stacked at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from COSCO, the Chinese state-owned shipping and logistics company. - JP Morgan economists expect economic growth to slow down in 2019, to a pace of 1.9 percent for the year. The economist say the slow down from a boomy 3.1 percent in year-over-year fourth quarter growth will come as fiscal, monetary and trade policy get less supportive or more restrictive. But even with slower growth, wages will continue to rise as the labor market tightens. We see the Fed needing to exert modest restraint on growth, hiking four times to 3.25 to 3.50 by year-end, said the economists. The Fed's current forecast is for three interest rate hikes next year, and one more this year, in December. The economists expect that growth will hold above 2 percent in the first and second quarter, at Show less Read more
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