Wow...US growth will still be sama sama, but inflation high high kiss the sky, how hah?

[k1976]

Biden’s Budget Expects Cooling Economy, Stubborn Inflation​

The White House expects the US economy to cool markedly in 2024 and inflation to remain stubbornly, if modestly, above the Federal Reserve’s target.

President Joe Biden’s proposed budget for fiscal year 2025, released Monday, assumes economic activity will increase 1.7% in calendar 2024, well below the 2.1% median forecast of economists surveyed by Bloomberg.

https://www.bloomberg.com/news/arti...-growth-stubborn-inflation?srnd=homepage-asia

 

[k1976]

Jamie Dimon Warns US Recession ‘Not Off the Table’ Yet​

• JPMorgan CEO says Fed should wait before cutting rates

March 12, 2024 at 6:09 AM GMT+8

Jamie Dimon said he wouldn’t take the prospect of a recession in the US “off the table,” but that the Federal Reserve should wait before it cuts interest rates.

The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co. chief executive officer said via video link at the Australian Financial Review Business Summit in Sydney on Tuesday. “I think the chance of a soft landing in the next year or two is half that. The worst case would be stagflation.”

 

[k1976]

https://www.google.com/amp/s/www.da...s-Leon-Black-Mark-Zuckerberg-sell-stocks.html

Big Shot Sirs are busy selling stocks like Hot Cakes to all savvy investors around the world...do u miss the boat?

 

[k1976]

https://www.google.com/amp/s/www.fo...-past-june-before-cutting-rates-20240311/amp/


Key word....no cut rate until June?

Why Hah?

 

[k1976]

https://www.thestreet.com/investing/is-nvidias-slide-a-sign-of-a-market-top-

Did a big shot sir just "blinked"?