ICYMI – JP Morgan’s Dimon says inflation is worse than people think

JPMorgan CEO Jamie Dimon spoke with Bloomberg TV on Thursday, sounding very cautious:

  • “underlying inflation may not go away the way people expect it to”
  • “there are a lot of inflationary forces in front of us that may keep it a little bit higher than people expect.”

Dimon added that the chances of monetary policy staying unchanged, or even tightening further are higher than many expect, and that soft-landing hopes should be half of what they are.

This article was written by Eamonn Sheridan at www.forexlive.com. Source