The Federal Reserve has been aggressively increasing interest rates to quell inflation after leaving rates at nearly zero through the height of the pandemic
Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- JPMorgan CEO Jamie Dimon warns the US is just MONTHS away from a recession as the Fed battles to fight rising inflation – and is more likely to keep raising borrowing costs
- JPMorgan Chase CEO Jamie Dimon predicted that the US will fall into a recession in the coming months as the Federal Reserve tries to combat rampant inflation
- Although inflation has fallen to 8.3 percent as of August, it remains stubbornly high, with September’s report likely to influence the Fed’s decision
- The central bank has been aggressively increasing interest rates to quell inflation, with rates expected to end at 4.4 percent this year
- More aggressive rate hikes are also expected due to strong job growth and falling unemployment rates, as well as uncertainty in Ukraine
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