Inflation

Jamie Dimon Says That Interest Rates Will Rise Above 5 Percent Because of ‘Underlying Inflation’

Jamie Dimon Says That Interest Rates Will Rise Above 5 Percent Because of ‘Underlying Inflation’
JP Morgan Chase CEO Jamie Dimon speaks during the Milken Institute Global Conference in Beverly Hills, Calif., on May 1, 2017. Reuters/Mike Blake/File Photo
Bryan Jung
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JPMorgan Chase CEO Jamie Dimon believes U.S. interest rates will likely rise above 5 percent because of “underlying Inflation.” This is higher than what the Federal Reserve is currently projecting, as inflation remains stubbornly high.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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