""In the short run, it looks like the American consumer is doing fine, is chugging along, companies are making profits, stock markets are high - that could easily continue," Dimon told Fox News' "Sunday Morning Futures.""
""There are little small negatives: Jobs are weakening, but just a little bit, inflation is there and maybe not going down.""
""Jobs have gotten a little weaker, wages have gotten a little weaker, and when you talk to businesses, they're going to be a little more cautious hiring. That's not because of AI, that's just because they want to do more with less,""
""I don't think AI is going to dramatically reduce jobs unbelievably next year,""
The American consumer shows short-term resilience as spending continues, corporate profits persist, and stock markets stay elevated. Small negatives include a modest weakening in jobs and wages and a cautious hiring stance from businesses aiming to do more with less. Inflation remains present and may not decline soon, contributing to rising unease over the cost of living. Early holiday-season shopping indicates continued consumer activity, but the economy remains fragile and could tip in various directions if labor, inflation, or consumer confidence deteriorate further.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]