JP Morgan's CEO Dimon warns inflation may be stickier, rates higher, than markets expect

<p>Justin had the breaking on this on Friday:</p><ul><li><a href="https://www.forexlive.com/news/rates-may-be-higher-and-inflation-may-be-stickier-than-markets-expect-says-jamie-dimon-20240112/" target="_blank" rel="follow" data-article-link="true">Rates may be higher and inflation may be stickier than markets expect, says Jamie Dimon</a></li></ul><p>Adding a little more now from JPMorgan Chase CEO Jamie Dimon, in a statement issued with the bank’s fourth-quarter earnings release:</p><ul><li>U.S. economic growth is being fueled by “large amounts of government deficit spending and past stimulus.”</li><li>

“There is also an ongoing need for increased spending due to the green economy, the restructuring of global supply chains, higher military spending and rising healthcare costs,” </li><li>“This may lead inflation to be stickier and rates to be higher than markets expect.”</li></ul><p>Yep. Expectations for six or even seven Federal Reserve rate cuts this year do seem very overblown. </p>

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