ICYMI - JP Morgan's Dimon says inflation is worse than people think

JPMorgan CEO Jamie Dimon spoke with Bloomberg TV on Thursday, sounding very cautious: "underlying inflation may not go away the way people expect it to""there are a lot of inflationary forces in front of us that may keep it a little bit higher than people expect." Dimon added that the chances of monetary policy staying unchanged, or even tightening further are higher than many expect, and that soft-landing hopes should be half of what they are. This article was written by Eamonn Sheridan at www.forexlive.com.

May 17, 2024 - 04:45
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ICYMI - JP Morgan's Dimon says inflation is worse than people think

JPMorgan CEO Jamie Dimon spoke with Bloomberg TV on Thursday, sounding very cautious:

  • "underlying inflation may not go away the way people expect it to"
  • "there are a lot of inflationary forces in front of us that may keep it a little bit higher than people expect."

Dimon added that the chances of monetary policy staying unchanged, or even tightening further are higher than many expect, and that soft-landing hopes should be half of what they are. This article was written by Eamonn Sheridan at www.forexlive.com.

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