Dow Jones futures rose overnight, as did S&P 500 and Nasdaq futures. The stock market rally retreated again on Wednesday as hot labor data raised the prospect of bigger rate hikes, while JPMorgan’s Jamie Dimon warned of an economic “hurricane”. Major indexes pared their losses somewhat as the Federal Reserve saw slower growth across much …
Stocks fall on fears of a Fed rate hike and Hurricane Dimon Read More »
JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is brewing. “You better get ready,” he advised. “We just don’t know if it’s Minor or Superstorm Sandy.” Jamie Dimon on the US economy and QT JPMorgan & Chase CEO Jamie Dimon warned of an impending economic hurricane Wednesday at a financial conference sponsored by …
June 1 (Reuters) – Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co (JPM.N) described the challenges facing the US economy as a “hurricane” on the road and urged the Federal Reserve to take strong action to avoid tipping the world’s largest economy into a recession. Dimon’s comments come a day after President …
Dimon says he’s bracing for US economic ‘hurricane’ due to inflation Read More »
