Overview

Click to expand overview
Coupled with Dimon’s concerns about the potential for “stagflation,” a recession characterized by lingering high inflation, he warned interest rates could soar to “8% or even more,” a far The boss of one of the world's biggest banks has warned US interest rates could climb to 8%. Jamie Dimon, the head of JPMorgan Chase, said his bank has prepared for JPMorgan Chase CEO Jamie Dimon issued a stark warning about the potential for a hard landing for the U.S. economy, citing concerns about stagflation and WASHINGTON (TND)JPMorgan Chase CEO Jamie Dimon on Monday projected interest rates could soon rise higher than 8%. He predicted in a letter to Per a recent warning issued by Jamie Dimon, CEO of JP Morgan Chase, interest rates could soar past 8%, threatening the stability of all leading economic US verticals. A chilly scenario for the U.S. economy, in which interest rates climb as high as 8% as the effects of the unprecedented monetary policy taken to combat inflation take hold, is still very much on

JP Morgan Warns of Major US Recession: Interest Rates Could Soar to 8%

The U.S. economy faces a chilling scenario according to JP Morgan Chase CEO Jamie Dimon. Per a recent warning issued by Dimon, interest rates could soar past 8%, threatening the stability of all leading economic US verticals. Dimon's stark warning about the potential for a hard landing for the U.S. economy has many concerned.

Why is JP Morgan Predicting High Interest Rates?

WASHINGTON (TND) – JPMorgan Chase CEO Jamie Dimon on Monday projected interest rates could soon rise higher than 8%. He predicted in a letter to shareholders that the unprecedented monetary policy taken to combat inflation could have severe consequences.

The boss of one of the world's biggest banks has warned US interest rates could climb to 8%. Jamie Dimon, the head of JPMorgan Chase, said his bank has prepared for such a scenario.

Stagflation Concerns Fuel Recession Fears

Coupled with Dimon’s concerns about the potential for “stagflation,” a recession characterized by lingering high inflation, he warned interest rates could soar to “8% or even more,” a far cry from current levels. A chilly scenario for the U.S. economy, in which interest rates climb as high as 8% as the effects of the unprecedented monetary policy taken to combat inflation take hold, is still very much on people's minds.

Top Sources

Related Articles