Inflation (Economics) – Page 21

Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits

JPMorgan Chase and Wells Fargo said that consumers continued to borrow and spend, but their chiefs warned that risks were intensifying.

Prices are rising at a pace that is much less rapid than in 2022, but signs of stalling progress are likely to keep Federal Reserve officials wary.

Housing costs represented more than 70 percent of the total year-over-year price increase for all items less food and energy.

Minutes from their last meeting showed that Fed officials saw risks of doing too much — or too little — to tame inflation.

Investors doubt that central bankers will lift borrowing costs again following big market moves that are widely expected to cool growth.