RE: JP Morgan braced for economic ‘hurricane’, says Jamie Dimon3 Jun 2022 19:16
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''A tight jobs market with worker shortages and rising pay is both a constraint on growth and will keep inflation higher for longer.
The USA created 390,000 jobs in May.. Pay rises are coming in below inflation at the moment so should not add to an inflationary spiral.
Increasing interest rates are required to slow things down. A slow down with eventual lowering of inflation would be the aim without mass job losses. Time will tell if this can be achieved.
The same applies to the UK