Earlier today I was writing about why I don’t think the Federal Reserve will cut rates but Jamie Dimon is taking it a stel further saying there is a 40-50% chance the Fed will hike rates.
He says:
Tariffs are inflationary, it won’t come all at onceUS migration policies are inflationaryBudget deficit is also inflationaryI would put higher interest rates as a cause for concern
These are all the same points I made earlier.
This article was written by Adam Button at www.forexlive.com.