Top Insights
Forex
globalreutersApril 23, 20241 Mins read
JPMorgan CEO Dimon: There is a chance stagflation could happen again
globalreutersApril 23, 20241 Mins read JPMorgan Chase CEO Dimon is on the wires saying:
- There is a chance stagflation could happen again
- The US economy is unbelievable and booming.
- Even if we go into a recession, the US consumer is in good shape
The comments are in contrast to the data seen today that showed S&P Global manufacturing and service PMI’s lower. The Richmond Fed manufacturing index was also on the weak side.
US stocks remain reported with the S&P index up 1.13% and the NASDAQ up 1.50%.
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
More info – Goldman Sachs sees Fed cutting by 25 bps at each meeting until June next year
ICYMI, Justin ahd the headline on this Thursday:Goldman Sachs now sees Fed...
ICYMI: US Treas Sec Yellen said the Fed rate cut is ‘very positive sign’ for economy
US Treasury Secretary Yellen spoke at en event in Washinton DC on...
Forexlive Americas FX news wrap: Dollar softer as the market digests the Fed decision
US initial jobless claims 219K vs 230K estimateSeptember Philly Fed +1.7 vs...
Major US stock indices close sharply higher helped by foreign buying after Fed rate cut
The major stock indices moved sharply higher overnight in the Asian and...
Leave a comment