Government Shutdown, Rate Hike Warnings And Jamie Dimon's Warning On Fed: This Week In Economics
Portfolio Pulse from Benzinga Neuro
The week was filled with speculations around a potential government shutdown, predictions on Federal Reserve actions, and possible contenders for the 2024 general election. Economist Peter Schiff suggested suspending all federal taxes during a shutdown. JPMorgan Chase CEO Jamie Dimon warned about the fallout if Federal Reserve benchmark interest rates were to soar to 7%. Venture capitalist Chamath Palihapitiya shared his views on the possible contenders for the 2024 general election. Goldman Sachs chief economist Jan Hatzius predicts a government shutdown lasting two to three weeks starting Oct. 1. Jamie Dimon voiced his support for strengthening economic ties between the U.S. and India.
October 01, 2023 | 10:01 am
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Goldman Sachs chief economist Jan Hatzius predicts a government shutdown lasting two to three weeks starting Oct. 1.
Jan Hatzius's prediction of a government shutdown could potentially impact investor sentiment towards Goldman Sachs. The shutdown could also have broader implications for the economy, which could indirectly affect the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Jamie Dimon, CEO of JPMorgan Chase, warned about the potential fallout if Federal Reserve benchmark interest rates were to soar to 7%. He also voiced his support for strengthening economic ties between the U.S. and India.
Jamie Dimon's comments on the Federal Reserve's actions could potentially impact investor sentiment towards JPMorgan Chase. His support for strengthening US-India economic ties could also influence the company's future business prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80