Posted 2/27/2024, 11:00:00 AM
JPMorgan Warns of 1970s-Style Stagflation Risks with High Inflation, Unemployment
- JPMorgan warns of risks of 1970s-style stagflation with high inflation and unemployment
- Stagflation could end the Goldilocks economy and spur changes to asset allocation
- There are similarities to 1970s with inflation waves, policies, and geopolitics
- Recent inflation reports stirred concerns of rates staying higher for longer
- JPMorgan CEO Jamie Dimon sees parallels to 1970s like fiscal deficits and trade flows
