JPMorgan Economist Warns Energy Shock Risks; SEC Reporting Plan Clears Review
JPMorgan economist Bruce Kasman warned that recent energy supply shocks have pushed the economy to a critical crossroads, raising growth and inflation uncertainties. Meanwhile the SEC plan to shift from quarterly to semiannual reporting cleared its White House review and now enters a public comment phase before a final vote.
1. Economist Flags Energy Supply Shock Risks
Bruce Kasman, JPMorgan’s chief economist, cautioned that recent disruptions in energy supply have created a pivotal moment for the economy by intensifying uncertainties around growth trajectories and inflationary pressures. He emphasized that prolonged volatility in oil and gas markets could undermine business investment and consumer spending, complicating central banks’ policy decisions.
2. SEC Advances Semiannual Reporting Proposal
The Securities and Exchange Commission’s proposal to reduce corporate disclosures from quarterly to semiannual intervals cleared its White House review and will solicit public comments before commissioners vote on a final rule, likely months away. Advocates cite potential cost savings, while groups including the Managed Funds Association warn reduced frequency could hinder liquidity and investor decision-making; the Committee on Capital Markets Regulation, which counts JPMorgan among its member companies, has urged retaining quarterly disclosures to maintain market efficiency.