Jamie Dimon has warned that it's possible for US interest rates to rise as high as 7%.
"If I was advising a company, I would say, are you prepared for 7% rates?
AdvertisementAdvertisementJamie Dimon has warned that it's possible for US interest rates to surge as high as 7%, thanks to inflationary pressures stoked by factors including huge fiscal spending and the global energy transition.
"I absolutely think they're possible," the JPMorgan CEO told the The Economic Times in an interview, referring to 7% rates.
The Federal Reserve's benchmark interest rate is currently in the 5.25%-5.5% band, up 525 basis points since early 2022.
Persons:
Jamie Dimon, —, Dimon didn't, I'm, Dimon
Organizations:
JPMorgan, Economic Times, Service, Federal Reserve
Locations:
disinflationary, China, that's