JPMorgan Warns of Potential 1970s-Style 'Stagflation' as Inflation Overshoots Fed Target

• JPMorgan analyst warns of potential "1970s stagflation" scenario as inflation stays above Fed target • Cites rising inflation, oil supply concerns, and declining corporate earnings projections as risks • JPMorgan CEO Jamie Dimon also skeptical of "Goldilocks" economic scenario, says conditions resemble 1970s • Inflation hit 2.8% in January by Fed's preferred PCE measure, still well above 2% target • Analyst flags rising interest costs, decreasing pricing power, and increasing labor costs as profit margin risks