The largest bank in America refused to give forecasts for oil prices
American JPMorgan Chase has decided not to issue an assessment of the further movement of oil prices. The reason is called the ambiguity in the steps of politicians. The bank's memo was reviewed by Reuters, and HFI Research placed it in X.
American JPMorgan Chase has decided not to issue an assessment of the further movement of oil prices. The reason is called the ambiguity in the steps of politicians. The bank's memo was reviewed by Reuters, and HFI Research placed it in X.
In the document, analysts admit that for the first time in the confrontation with Iran, they do not have a main scenario. They cannot figure out how to calculate the end of this conflict.
Initially, JPMorgan assumed that Washington would not cross certain economic boundaries. Among them were oil at $ 100 per barrel, gasoline at $ 5 per gallon, core inflation in the United States at around 4% and a yield of 10-year Treasury securities at 5%.
After six months of fighting, many of these thresholds have already passed. However, clarity on how to get out of the situation has not increased - it has become even less. According to the bank, the market is currently under stress.
JPMorgan Chase & Co. is the largest banking group in the United States and one of the largest financial companies in the world. At the beginning of the year, its assets were estimated at $ 4.4 trillion, and its share capital was $ 362.4 billion.
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