Two big risks threaten a “resilient” U.S. economy, JPMorgan Chase (JPM) CEO Jamie Dimon said ahead of next week's scheduled inauguration of President-elect Donald Trump ♔and the start of his💙 second administration.
In a press release today announcing the bank’s 澳洲幸运5官方开奖结果体彩网:most-recent quarterly results, Dimon noted low unemployment—at 4.1% in December, per the 澳洲幸运5官方开奖结果体彩网:latest government figures—and “healthy” consumer spending to finish the year.
Hꦫe also looked forward to the coming administration, saying b🐻usinesses are “more optimistic about the economy, and they are encouraged by expectations for a more progrowth agenda and improved collaboration between government and business.”
But Dimon also cited two “sign♛ificant risks”♔ in his statement:
- “Ongoing and future spending requirements will likely be inflationary, and therefore, inflation may persist for some time.”
- “Additionally, geopolitical conditions remain the most dangerous and complicated since World War II.”
🐷 “We hope for the best but prepare the Firm for a wide range of scenarios,”𒉰 Dimon said.
Investors, meanwhile, continue to wonder who might someday replace Dimon at the helm of the financial institution. Changes in its executive ranks, 澳洲幸运5官方开奖结果体彩网:announced yesterday, offered fresh clues.
Shares of the bank were u💜p about 1% in morning tradin😼g.