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US recession likely in 6 to 9 months from now: JPMorgan CEO
short by Pragya Swastik / on Monday, 10 October, 2022
America's largest bank JPMorgan Chase's CEO Jamie Dimon on Monday said that the US could tip into a recession in six to nine months from now. He cited runaway inflation, big interest rate hikes and the Russian invasion of Ukraine as the indicators of a potential recession. He also cited the unknown effects of the US Fed's quantitative easing policy.
read more at Reuters