US Economy Strong But Faces Many Risks, JPMorgan’s Pinto Says
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Daniel Pinto
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The US economy is holding up in the face of various challenges but a string of political and economic risks could trigger a deterioration, according to JP Morgan Chase & Co. president Daniel Pinto.
Consumers and businesses are strong with high levels of savings and robust finances, but issues such as inflation remaining high and interest rates staying elevated or being increased further would create stress, Pinto said, speaking at the Institute of International Finance meetings in Marrakech, Morocco.