JPMorgan Chase CEO Jamie Dimon cautioned that it’s possible that the United States could fall into a period of stagflation, as reported by CNN. Stagflation is a situation where an economy experiences a period of high inflation and high unemployment, accompanied with slow economic growth. This combination of negative economic factors is a unique scenario that could hurt every state and individual differently. With uncertainty surrounding tariffs and other policies potentially leading to downward pressure on growth, this situation can’t be ruled out as a risk.
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