Beige Book | August 2024

JPMorgan Chase CEO Jamie Dimon warned of the potential for interest rates to climb as high as 8% as the effects of the unprecedented monetary policy to combat inflation take hold.

President Joe Biden’s budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight set to consume Washington next year.

Unemployment rate spikes to 2-year high - The labor market showed some rare signs of weakness in February, as the unemployment rate unexpectedly rose to its highest level since 2022.