JPMorgan Warns Wealth Inequality Could Threaten US Economic Growth, as Barclays Plans 5,000 Job Cuts

The United States economy is facing a growing divide between households that continue to benefit from economic growth and those struggling with rising living costs, expensive borrowing, and stagnant purchasing power. JPMorgan has warned that this K-shaped economic recovery could eventually trigger a broader macroeconomic shock if the widening gap begins to undermine consumer spending, […]

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