Jamie Dimon Sees Potential for 8% Interest Rates
The Bottom Line: We’re not out of the high-interest rate environment yet, and the Fed may need to tighten its grip further. If rates do climb, some sectors, like financials, could benefit from wider margins. Given that Dimon is preparing JPM for this scenario, exposure to the bank’s stock could be valuable should he be proven right.
Wall Street legend Jamie Dimon is making headlines again, predicting that U.S. interest rates could climb to 8%. This contrasts with the two quarter-point rate cuts the market is currently predicting.
And that's the name of the game. Dimon is "spot on".
Amen,
Mark
Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644
