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JPMorgan Chase CEO warns of the economic dangers of protracted foreign conflicts.
JPMorgan CEO Jamie Dimon warns that prolonged foreign conflicts could trigger stagflation in the U.S.
KEY POINTS
- Dimon specifically highlights the risk of inflation rising slowly by 2026, causing higher rates and asset drops.
- Morningstar's Preston Caldwell argues stagflation fears are overblown due to the U.S.'s reduced petroleum dependence.
- Caldwell now forecasts U.S. personal consumption inflation at 3.6% for 2025, up from earlier estimates.
- OECD warns U.S. inflation could reach 4.2%, higher than recent Bureau of Labor Statistics figures.
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