JPMorgan CEO Jamie Dimon warned the Federal Reserve could be forced to raise interest rates further in a 'worst-case' scenario.
Investors need to be prepared for 7% interest rates and most of them aren’t. That’s the stark warning from JPMorgan Chase CEO Jamie Dimon over potential risks for the U.S. economy.
“Going from zero to 5% caught some people off guard, but no one would have taken 5% out of the realm of possibility. I am not sure if the world is prepared for 7%,” Dimon said in an interview with the Times of India. “If they are going to have lower volumes and higher rates, there will be stress in the system. We urge our clients to be prepared for that kind of stress,” he said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Jamie Dimon on interest rates: 'I am not sure the world is prepared for 7%'Jamie Dimon throws down a new hawkish interest-rate number.
Les mer »
'We have dealt with recessions before': Jamie Dimon says geopolitics is the world's biggest riskJPMorgan Chase & Co. CEO Jamie Dimon says geopolitics in light of Russia's invasion in Ukraine is the biggest risk is a much larger risk than high inflation or a U.S. recession.
Les mer »
World May Not Be Ready for U.S. Interest Rate at 7%, JPMorgan CEO SaysU.S. rates at 7% could push the U.S. economy into a recession, triggering risk aversion in financial markets.
Les mer »
JPMorgan upgrades this sports betting stock that can rally 35%The bank upgraded the stock to overweight from neutral.
Les mer »
JPMorgan says buy the dip on this chemical giant trading at a 'reasonable valuation'The firm upgraded Dow to overweight from neutral and maintained its price target of $55.
Les mer »
3M, JPMorgan Chase share losses contribute to Dow's 175-point dropShares of 3M and JPMorgan Chase are trading lower Monday morning, sending the Dow Jones Industrial Average into negative territory. Shares of 3M and JPMorgan...
Les mer »