International Economic

JPMorgan boss dashes rate-cut hopes, sees 'stickier' inflation due to rising risks

By Benjamin Chiou

Date: Monday 08 Apr 2024

(Sharecast News) - Interest rates in the US could rise to "8% or even higher" in the coming years, according to the head of JPMorgan Chase, who said that they bank was preparing for a wide range of scenarios in light of current high government spending and geopolitical volatility.
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