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US Fiscal Worries Dampen Sentiment; Dimon Backs the Fed | Bloomberg Brief 05/22/2025
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May 22, 2025
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43:14Now PlayingUS equity futures bounce slightly as European and Asian stocks sell off on dampened sentiment. JPMorgan CEO Jamie Dimon backs the Federal Reserve in waiting and seeing before cutting rates as the US economy can't rule out a stagflation scenario. OpenAI acquires former Apple designer Jony Ive's startup for more than $6 billion. OPEC+ discuss a third output hike. Katie Magee of JPMorgan says inflation will continue to remain sticky. Amy Wu Silverman of RBC says the fixed income market is driving equities at the moment.
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