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In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed.
Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said.
Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.
Persons:
—, TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover
Organizations:
Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil
Locations:
Chevron, New York, London