Jamie Dimon warns of stagflation risk amid US economic uncertainty

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Jamie Dimon warns of stagflation risk amid US economic uncertainty - Business Standard

Quick Summary:

Earlier this month, the US and China agreed to sharply reduce tariffs for 90 days to hammer out a new agreement, in what promises to be difficult rounds of talks between Washington and Beijing.

Dimon’s comments expand on remarks he made in recent interviews, when he warned against complacency and said recession remains a possibility, adding that many of the effects of the tariffs are yet to be seen.

Troy Rohrbaugh, co-CEO at JPMorgan’s commercial and investment bank, said earlier this week that its investment-banking fees could fall by a percentage in the mid-teens compared to a year ago — more than analysts had predicted.