JP Morgan Analyst Issued Warning on US ‘Stagflation’
An official with JPMorgan Chase warned that while U.S. stocks hit record highs recently, that momentum may not continue and will raise risks of a 1970s-style “stagflation” scenario. A chief market strategist with the top U.S. bank, Marko Kolanovic, warned there appears to be too much optimism about the current market. The Federal Reserve has […]