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Dimon Hopes for Soft Landing But Warns Rates May Rise More, Urges Preparedness for Economic Stress

  • JPMorgan Chase CEO Jamie Dimon said interest rates "may go up more" but hopes for a "soft landing" of the U.S. economy.

  • Dimon said no one knows the chances of a hard landing, pointing to factors like Ukraine, oil, gas, and war in Europe.

  • He recommends clients prepare for stress with lower volumes and higher rates.

  • Dimon said the increase from 0% to 5% interest rates was more painful than some expected.

  • The Fed opened the door to another quarter-point rate increase before 2024 and holding elevated rates for a while.

foxbusiness.com
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