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7 months, 2 weeks ago

JPMorgan CEO Jamie Dimon issues ominous warning about US economy

Jamie Dimon - head of the world's biggest bank JPMorgan Chase - has said that he cannot rule out a 'hard landing' for the US economy. Dimon's warning comes after an analyst who works for him at JPMorgan warned the stock market could soon become volatile - despite reaching record highs this year. Dimon's comments come after JPMorgan's chief market …

Market Inflation Bank Interest Rates Stock Think Rates

8 months, 2 weeks ago

JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

Associated Press

NEW YORK — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may …

Economy Inflation Fed Chase Dimon Branch Jpmorgan

9 months ago

Jamie Dimon warns US might face interest-rate spike

Live Mint

JPMorgan Chase Chief Executive Jamie Dimon warned that U.S. interest rates could soar to 8% or more in coming years, reflecting the risk that record-high deficit spending and geopolitical stress will complicate the fight against inflation. Dimon said such an outcome, which implies that inflation quickly returns to the Fed’s 2% target from higher levels now, is less likely than …

Economy Bank Interest Rates Interest Fed Rate Rates

1 year, 1 month ago

Texas Battles Wall Street in Threat to State’s Muni Market

Bloomberg

The annual conference of the Municipal Advisory Council of Texas is typically a pretty low-key affair, with bond industry folks gathering at a sumptuous hotel for cocktails, golf and a bit of networking to help grease the wheels of future deals. But at this year’s event, the dining rooms, deck chairs and fairways of the Las Colinas Resort just outside …

Texas

1 year, 3 months ago

JPMorgan CEO Jamie Dimon warns interest rates could soar to SEVEN percent - their highest level since 1990 - after claiming world economy is 'not prepared' for further hikes

Daily Mail

JPMorgan Chase CEO Jamie Dimon has warned Americans could soon be facing 7 percent interest rates - the highest level since 1990. JPMorgan Chase CEO Jamie Dimon, pictured, has warned Americans could soon be facing 7 percent interest rates - the highest level since 1990 The stark warning is at odds with most analysts' predictions that the Federal Reserve will …

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1 year, 3 months ago

JPMorgan boss Jamie Dimon warns 7% interest rates would cripple the global economy as the Fed holds the line at 5.5%: 'You find out who is swimming naked when that tide goes out'

Daily Mail

The boss of JPMorgan has warned that the worst of the interest rate pain may still be ahead for businesses and families already scarred by an historic round of hikes. JPMorgan chief Jamie Dimon said that the Fed was forced to hold on another hike at its latest meeting because the effect of a jump to 5 to 7 percent …

Economy War Ukraine Mortgage Fed Jamie Dimon Dimon

1 year, 5 months ago

US consumers are feeling the most optimistic since September 2021

CNN

Washington, DC CNN — Inflation’s steady slowdown in recent months has kept Americans feeling optimistic about the future. Despite the Federal Reserve’s most aggressive rate-hiking campaign in decades, which was put on hold last month, the labor market has held remarkably steady while inflation has slowed, raising the odds of a so-called soft landing — or a scenario in which …

Inflation Fed Consumers Dimon Recent Months Recession

1 year, 7 months ago

Jamie Dimon warns of a commercial real estate downturn

CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. New York CNN — Economists are concerned about the $20 trillion commercial real estate industry and so is JPMorgan Chase CEO Jamie Dimon. The regional banking crisis is having a knock-on effect on commercial real estate lending, Dimon warned at his company’s shareholder meeting on Monday. …

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1 year, 9 months ago

Dimon: Bank rules should change after Silicon Valley Bank

Associated Press

NEW YORK — JPMorgan CEO Jamie Dimon said the U.S. and the banking industry should amend regulations following the collapse of Silicon Valley Bank and Signature Bank last month, saying that the financial system needs to be adjusted so that one bank’s failure does not “cause undue panic and financial harm.” The comments, made in Dimon’s letter to JPMorgan Chase …

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1 year, 11 months ago

Bitcoin is a ‘hyped-up fraud’, says JP Morgan chief

The Telegraph

The billionaire chairman of JP Morgan, Jamie Dimon, has called Bitcoin a “hyped-up fraud” and the financial equivalent of a “pet rock” as financial chiefs turn against digital currencies. Mr Dimon called cryptocurrencies a “waste of time” in comments at the World Economic Forum in Davos. It's a technology we think will be deployable.” Speaking to CNBC, Mr Dimon added …

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