Home Economy News Jamie Dimon Takes High View of Fed Hikes: ‘It Could Be Six or Seven’

Jamie Dimon Takes High View of Fed Hikes: ‘It Could Be Six or Seven’

by

Please try another search

More

Economy25 minutes ago (Jan 14, 2022 10:45AM ET)

(C) Bloomberg. Jamie Dimon

(Bloomberg) — The Federal Reserve might raise its benchmark interest rate as many as seven times to fight rising inflation, JPMorgan Chase & Co. (NYSE:JPM) Chief Executive Officer Jamie Dimon said.

“My view is a pretty good chance there will be more than four,” Dimon said Friday on a conference call with analysts after the biggest U.S. bank released its fourth-quarter results. “It could be six or seven.”

Fed officials are signaling higher borrowing costs are in the works amid the highest inflation in nearly four decades. Money markets are wagering on six 25-basis-point hikes in the next two years — before the policy rate plateaus and dips slightly in 2025.

Dimon said it would be a mistake to assume the economy won’t grow during a period in which interest rates are increasing.

(C)2022 Bloomberg L.P.

Jamie Dimon Takes High View of Fed Hikes: ‘It Could Be Six or Seven’

U.S. consumer sentiment sours in early January to second lowest level in decade By Reuters – Jan 14, 2022

(Reuters) – U.S. consumer sentiment soured in early January, falling to the second lowest level in a decade as Americans fretted about soaring inflation, a survey showed on…

Fed’s Harker says U.S. economy is improving but still freighted with risks By Reuters – Jan 14, 2022

(Reuters) – The U.S. economy is improving and better off than it was a year ago, but it is still dealing with risks and challenges as some businesses struggle to hire workers,…

Maersk quarterly earnings beat expectations By Reuters – Jan 14, 2022

COPENHAGEN (Reuters) – Shipping group Maersk on Friday posted better than expected fourth-quarter revenue and earnings, fuelled by record freight rates for container shipping. A…

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Our Apps

Follow us

Terms And Conditions
Privacy Policy
Risk Warning

(C) 2007-2022 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related News