12 April 2024
JPMorgan Chase CEO Jamie Dimon issued a warning about looming threats to the economy, citing persistent inflation, global conflicts, and the Federal Reserve’s tightening policies. Dimon’s concerns come amidst ongoing worries about inflation, which has remained consistently higher than expected and above the Fed’s 2% target. As a result, market expectations for interest rate cuts have significantly decreased, with forecasts now anticipating only one or two cuts totaling at most half a percentage point, compared to earlier expectations of up to seven cuts.