JPMorgan Chase CEO Warns Inflation Could Stay High
International Business Times UK -

Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday.In his annual letter to shareholders, Dimon pointed to "persistent inflationary pressures" that belie the stock market's confidence about the outlook and could result in even higher interest rates."Equity values, by most measures, are at the high end of the valuation range," said Dimon, the longtime CEO of the biggest US bank by...

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