Sunil SahilJamie Dimon said the Federal Reserve probably can’t cool the red-hot economy without bringing on a recession. “I don’t know if it could be a soft landing — I don’t think so, but it might,” the JPMorgan Chase & Co. chief executive officer said at an industry conference in Washington Thursday, adding that the alternatives would be … Read more
“I was at a tech conference in Vegas and I heard the great Jeff Bezos say ‘If you invest in things, it’s going to change people’s lives,’ you will definitely get a nice return,” he recalled, speaking CNBC’s Hadley Gamble in Abu Dhabi Sunday. O’Neal added his own ten cents: “Never think about the monetary … Read more
The Federal Reserve is closing ranks around a goal of quickly raising their benchmark interest rate to around 4.5 per cent then holding it there, while being prepared to go higher if elevated inflation fails to show signs of easing. The aim, which is widely shared among the US central bank’s 19 policymakers, suggests they are on … Read more
NEW YORK: Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong US jobs market may actually make a recession more likely. ADVERTISEMENT Ads by The S&P 500 ended 2.8% lower after briefly dropping 3.3% as traders weighed a government report showing employers hired more … Read more
