Is the U.S. Heading for Economic Disaster?

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Jamie Dimon, chief executive of JPMorgan Chase, recently warned that the U.S. economy could soon face trouble, according to CNN. Dimon highlighted rising government deficits, persistent inflation, and geopolitical tensions as risks that could hit the economy soon. He stopped short of predicting disaster, but raised the possibility of stagflation — when prices increase while growth stalls.

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