JPMorgan Chase CEO Dimon is on the wires saying:
- There is a chance stagflation could happen again
- The US economy is unbelievable and booming.
- Even if we go into a recession, the US consumer is in good shape
The comments are in contrast to the data seen today that showed S&P Global manufacturing and service PMI's lower. The Richmond Fed manufacturing index was also on the weak side.
US stocks remain reported with the S&P index up 1.13% and the NASDAQ up 1.50%.
