Rates may be higher and inflation may be stickier than markets expect, says Jamie Dimon

<p>A miss on both earnings and revenue isn't a good sign (the same goes for BofA earnings as well today) and that is arguably what is weighing further on stocks right now. In any case, Jamie Dimon's remark as per the headline above also serves as a warning and that is taking some of the enthusiasm out of markets after the reaction to the CPI data yesterday.</p>

This article was written by Justin Low at www.forexlive.com.