Dimon says confluence of inflation, Ukraine war may ‘dramatically increase risks ahead’ for U.S.

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Jamie Dimon’s annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.

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The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market.

The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.

It was the first major Western central bank to reduce interest rates back in March.

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