More on JP Morgan’s CEO Dimon urging Fed to wait past June before cutting rates

Earlier headlines on this are here:

Dimon was speaking at the Australian Financial Review business summit via a livestream from New York. In his remarks he said:

  • “I think they have to be data-dependent. If I were them, I would wait,”
  • “You can always cut it quickly and dramatically. Their credibility is a little bit at stake here. I would even wait past June and let it all sort it out.”

More at that link above.

Barclays are thinking along the same lines given the strength in the economy:

This article was written by Eamonn Sheridan at Source