TL;DR CNBC

Dimon warns that the Fed could still raise interest rates sharply from here

Publishing timestamp: 2023-09-26 12:16:48

Summary

JPMorgan Chase CEO Jamie Dimon warns that interest rates could rise significantly, potentially reaching 7%. He urges businesses to be prepared for this scenario and references Warren Buffett's quote about discovering vulnerabilities when the tide goes out. The article also mentions the possibility of the Federal Reserve approving rate increases and the uncertainty surrounding inflation's impact on the economy.

Sentiment: MIXED

Tickers: JPM,  US10Y, 

Keywords: economy,  united states,  jpmorgan drn,  business news,  u.s. 10 year treasury,  inflation,  jerome powell,  federal reserve bank,  jamie dimon,  prices,  interest rates,  warren buffett, 

Source: https://www.cnbc.com/2023/09/26/dimon-warns-that-fed-could-still-lift-interest-rates-sharply-from-here.html