Called By Christ To Be ONE: JPMorgan president warns: Worst is yet to come for U.S. economy

Heaven Is Our Destination Where We Will Be ONE With The Lord Forever

Today, we are in The Season Of The Last Generation. The Birth Pains that Christ Jesus spoke about are currently under way, including natural and unnatural disasters. They will be ever increasing. Because of the increase of wickedness, the love of most will grow cold. Social, economic and political turmoil will be ever increasing, causing people's hearts to be weighed down with dissipation, drunkenness and the anxieties of life. An apostasy within the Church of God is currently under way. This will all reach a climax with Satan revealing his Antichrist and requiring that everyone worship him; That every one receive his "mark" in order to buy or sell; The new currency of the New World Order, the New Tower of Babel.

Today, it is critical that those who have a heart for God are aware of what God is doing and speaking today. God is opening up His Word like never before in preparation for The Time Of The END. I exhort you to open up your heart and your eyes to see what He is doing and your ears to hear what God is speaking at this time. My prayer is that we will be able to stand before the Son of Man at His appearing, without fault and with great joy. I encourage you to read David Wilkerson's book, America's Last Call at davidwilkersontoday.blogspot.com. Also, Google, Tommy Hicks Prophecy, 1961 for a view of the End Times.

Tom's books include: Called By Christ To Be ONE, The Time Of The END, The Season Of The Last Generation, Worship God In Spirit And In Truth, Daniel And The Time Of The END, and Overcoming The Evil One. They are available at amazon.com. They can also be read without cost by clicking on link: Toms Books.

To receive Christ Jesus as a child by faith is the highest human achievement.

Today, the Bride Of Christ is rising up in every nation in the world! Giving Glory to Her Savior and King, Christ Jesus!

Today, the world is Raging against God, Rushing toward Oblivion! Save yourself from this Corrupt Generation!

Today, America is being ground to powder because of it's SIN against God!

Monday, October 24, 2022

JPMorgan president warns: Worst is yet to come for U.S. economy

'I don't think we've seen the bottom of the market'

By WND News Services
Published October 24, 2022 at 11:55am

(Photo by Joe Kovacs)

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By John Hugh DeMastri
Daily Caller News Foundation

Daniel Pinto, president of investing giant JPMorgan, has warned that the economy hasn’t yet hit bottom, urging the Federal Reserve to continue raising interest rates, in an interview with CNBC.

Pinto predicted that the Federal Reserve was unlikely to slow its campaign of interest rate hikes, estimating that rates will likely continue rising to roughly 5%, up from the current range of 3% to 3.25%, CNBC reported Monday. Pinto said that the Fed was likely to tolerate a larger recession if it meant taming inflation, especially considering that corporate profits have remained relatively healthy.

″I don’t think we’ve seen the bottom of the market yet,” Pinto told CNBC. “When you think about corporate earnings heading into next year, expectations may still be too elevated; multiples in some equity markets including the S&P are probably a bit high.″

Pinto also claimed that the period of incredibly low interest rates that preceded recent rate hikes were likely unsustainable, since they punished those who saved and benefited those who took large risks, CNBC reported. He urged central banks to set rates higher than the near-zero or negative rates that were seen prior to the current crisis, claiming that a small increase compared to pre-crisis lows would be “[n]othing crazy.”

Pinto believes that layoffs are inevitable, but noted that it was preferable to living with persistent high inflation, CNBC reported. He noted that inflation hits low-income families the hardest.

Fed officials have consistently said that they intend to remain hawkish on inflation, with Fed Vice Chair Lael Brainard warning that additional shocks to the market could cause inflation to spike, according to CNBC. These hawkish comments began when Fed Chair Jerome Powell warned in an Aug. 26 speech that a failure to contain inflation would result in “far greater pain” than any damage that might be caused by high interest rates prompting a weakened labor market.

This story originally was published by the Daily Caller News Foundation.

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