JPMorgan Chase CEO Jamie Dimon weighed in on the American consumer and the state of the current economy in an interview with FOX Business' Maria Bartiromo.
He said he thought those uncertainties "may very well mitigate," resulting in a "kind of Goldilocks"But they may not," he continued. "So, I’m still on the cautious side of this one."
JPMorgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of U.S.' JP Morgan Bank on June 29, 2021 in Paris.hiking of interest rates in an effort to lower inflation. The central bank increased them multiple times in 2022, including four back-to-back 75-basis-point hikes and, most recently, a 50-basis-point lift. In the minutes of the Fed’s December meeting, policymakers indicated they project rates could go up to 5.1% in 2023, FOX BusinessBartiromo suggested Dimon’s comments were "much more positive" than his October remarks, when he used the word "hurricane" while discussing his economic outlook.
"I’m simply saying be a little prepared for both of them," Dimon said. "The early storm clouds hit, which is inflation.
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