JPMorgan Chase CEO Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly high. “I actually think rates are probably going to go higher than 5% ... because I think there’s a lot of underlying inflation, which won’t go away so quick,” Dimon said on CNBC’s “Squawk Box” Thursday from the World Economic Forum in Davos, Switzerland. To battle soaring prices, the Federal Reserve has raised its benchmark interest rate to a targeted range between 4.25% and 4.5%, the highest level in 15 years. The expected “terminal rate,” or ...
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Commercial Member
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Joined Feb 2022
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If inflation is gradually down and the 2% target. Why rate will increase? Is it trusted? 5% ? What is the reason behind his? Low/no inflation-Nothing. firming USD, how long? Why you expect and losing your money?