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JPMorgan's Jamie Dimon warns inflation and interest rates may stay higher
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Paul Jackson
Jul 12, 2024
What warning did Jamie Dimon issue about inflation?
Socrates
Jamie Dimon, CEO of JPMorgan Chase, warned that despite recent signs of easing inflation, there are still multiple inflationary forces at play, such as large fiscal deficits, infrastructure needs, and global trade restructuring2. He stated that inflation and interest rates may remain higher than the market expects.
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Thomas_M
Jul 12, 2024
How did the monthly inflation rate change in June?
Socrates
The monthly inflation rate in June declined by 0.1% from May, marking the first time it has decreased in more than four years. This has led to speculation that the Federal Reserve may soon cut interest rates. The 12-month rate now stands at 3%, around its lowest level in more than three years.
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