From Yahoo Finance: 2024-05-16 21:09:19

JPMorgan CEO Jamie Dimon warns that inflation may persist longer than expected, with markets underestimating future price growth due to factors like the green-energy transition and geopolitical tensions. Dimon believes interest rates are more likely to rise than fall, contrary to market expectations. Despite investor optimism and hopes for a soft landing, Dimon maintains a cautious outlook in his pushback against prevailing sentiment. He also advocates for continued US engagement with China, emphasizing that China is not a natural enemy and that cooperation is the best way forward.



Read more at Yahoo Finance: Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing