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JPMorgan CEO Jamie Dimon signals inflation might not subside quickly

Published Nov 14, 2023 06:00PM ET
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© Reuters JPMorgan CEO Jamie Dimon signals inflation might not subside quickly
 
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Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), expressed concerns about persistent inflation and the overreaction to short-term financial data in a recent interview. Speaking on El Financiero Bloomberg TV, Dimon warned that inflation might not subside quickly. The Federal Reserve is right to have paused hikes for now but “they might have to do a little bit more.”

Dimon’s comments followed an unexpected cooling in consumer-price increases, which sparked optimism that the Fed's anti-inflation efforts are effective.

For over a year, Dimon has cautioned about major headwinds, such as quantitative tightening and global tensions, facing U.S. consumers and businesses, despite being in good shape now.

In September, he advised JPMorgan's clients to be prepared for potential 7% interest rates and further Fed rate hikes.

JPMorgan CEO Jamie Dimon signals inflation might not subside quickly
 

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Comments (6)
Todd Gray
Todd Gray Jan 16, 2024 7:11AM ET
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if businesses play it smart, they'll keep greed in check. if not, the Fed will raise rates and put business in check.
Work Ethic
Work Ethic Nov 14, 2023 9:58PM ET
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18 months the same 2 note recession samba... what a toss
Gary Piccone
Gary Piccone Nov 14, 2023 8:50PM ET
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Just like he predicted a recession this year
Work Ethic
Work Ethic Nov 14, 2023 8:50PM ET
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One day he'll be right and scoop us more regional banks for a song
Jim Divers
Jim Divers Nov 14, 2023 8:08PM ET
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How smart is that. He is legend in his own mind !
Work Ethic
Work Ethic Nov 14, 2023 8:08PM ET
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Amen! Seen his new monument to himself? lol splitter
kiven Geldon
kiven Geldon Nov 14, 2023 7:41PM ET
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Epsteins buddy said what
Tape Worm
Tape Worm Nov 14, 2023 6:30PM ET
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just take an opposition word from what this people say...
Don Getty
Don Getty Nov 14, 2023 6:30PM ET
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this people - ok which one
 
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