{"id":63850,"date":"2022-04-13T22:37:11","date_gmt":"2022-04-13T18:37:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=63850"},"modified":"2022-04-13T22:37:14","modified_gmt":"2022-04-13T18:37:14","slug":"jpmorgan-powerful-forces-threaten-us-economy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/jpmorgan-powerful-forces-threaten-us-economy\/04\/13\/market-updates\/","title":{"rendered":"JPMorgan: Powerful Forces Threaten US Economy"},"content":{"rendered":"\n<p>Bank\u2019s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession. JPMorgan Chase is the first major US bank to report its results for the first quarter. JPMorgan Chase &amp; Co.\u2019s pandemic boom ended with a sharp drop in profits and a warning: Rising inflation and the war in Ukraine pose big threats to the US economy.<br><br>Chief Executive Jamie Dimon said the economy is strong and growing, citing double-digit growth in card spending, low delinquencies and healthy household and consumer balance sheets. But the bank surprised Wall Street by setting aside $900 million in new funds to prepare for economic turmoil; a year ago, it freed up $5.2 billion it had reserved for potential loan losses in the pandemic\u2019s early months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank\u2019s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession. JPMorgan Chase is the first major US bank to report its results for the first quarter. JPMorgan Chase &amp; Co.\u2019s pandemic boom ended with a sharp drop in profits and a warning: Rising inflation and the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[7113,6976,9004,8793],"class_list":["post-63850","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-earnings","tag-jpmorgan","tag-ukraine-war","tag-war"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=63850"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63850\/revisions"}],"predecessor-version":[{"id":63854,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63850\/revisions\/63854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31017"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=63850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=63850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=63850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}