Resilient consumer spending and a strong job market have buoyed the economy, Jamie Dimon, the CEO of JPMorgan Chase, said in an annual shareholder letter.
-- the growing set of threats has tipped the U.S. into precarious economic territory but the leader of the nation's largest bank is nonetheless optimistic about the financial outlook.
Consumer balance sheets are in "great shape," Dimon added, noting that "unemployment is extremely low, and wages are going up, particularly at the low end."MORE: How will OPEC+ oil cut impact US gas prices? Experts weigh in Inflation has fallen significantly from a summer peak, though it remains more than triple the Fed's target of 2%.interest rates last month for the ninth time in a year, making its policy the most aggressive since the 1980s.
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