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WASHINGTON — JPMorgan Chase CEO Jamie Dimon cautioned Tuesday that the U.S. may be approaching an abrupt economic slowdown. Speaking at a Morgan Stanley conference, Dimon emphasized that despite current positive indicators—like strong employment and consumer spending—“real numbers will deteriorate soon,” urging investors and policymakers to prepare for underlying turbulence . Why the Warning Matter […]
The minority SNP administration’s spending plans have gained support from the Greens, Liberal Democrats, and Alba, while Scottish Labour MSPs will abstain from the final vote. The Conservatives remain the only party opposing the Budget, describing it as “dire and damaging.” The £63bn Budget promises a record settlement for the NHS and local councils, a […]
In a surprising turn of events, government borrowing in the UK surged beyond expectations in December, marking the highest level of borrowing for the month in four years, according to official figures from the Office for National Statistics (ONS). The UK government borrowed a total of £17.8 billion in December 2024, a sharp increase of […]
The unexpected victory of Donald Trump in the most recent US election could eventually have a disinflationary effect on the US economy, experts predict, though the path to this outcome may be complex. While the term “disinflationary” refers to a reduction in the rate of inflation, it doesn’t imply outright deflation, but rather a slowing […]
