It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Jamie Dimon, CEO of JP Morgan, believes AI will shrink the work week. He's concerned about high interest rates, giving different scenarios from 2% to 8%. Dimon doubts the economy will have a soft landing and worries about government deficits. These views on market conditions and the economy are key for investors to understand JP Morgan's strategy and potential risks and opportunities.
Despite efforts, inflation may take longer to tame, potentially leading to a "deferred landing." The Federal Reserve will remain cautious, keeping interest rates high, which could benefit those earning income from portfolios. Experts advise against changing long-term investment strategies, maintaining diversification and asset allocation, as timing inflation projections accurately doesn't necessarily guarantee better returns.
Jamie Dimon, CEO of JPMorgan Chase, forecasts a recession but anticipates a soft landing, unlike the 2008 crisis. The impact on sectors like commercial real estate and regional banks is expected, but with limited overall damage to the economy. Dimon's caution stems from ongoing quantitative tightening and geopolitical concerns, yet he believes most institutions will endure the challenges effectively.
