Jamie Dimon Warns Of Potential 6.25% Rate Hike From Fed Amid Sticky Inflation: Quantitative Tightening 'Will Rattle The Markets'
Portfolio Pulse from Shanthi Rexaline
JPMorgan Chase & Co CEO Jamie Dimon has commented on the potential impact of rate hikes and quantitative tightening on the economy. He believes that inflation is stickier than people think and there is a higher chance of rates going up. He also sees potential for a double whammy for borrowers, as credit spreads may also rise. The Fed hikes and the quantitative tightening have affected home sales but not home prices, as well as auto sales and credit card loans. Over time, it will affect businesses at the refinance and floating rates. The iShares TIPS Bond ETF ended Wednesday’s session up 0.87% at $103.24.
November 02, 2023 | 7:46 am
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NEGATIVE IMPACT
JPMorgan's CEO Jamie Dimon warns of potential rate hikes and their impact on the economy. This could potentially affect the bank's performance.
The potential rate hikes and quantitative tightening could affect the bank's performance and profitability. This could lead to a decrease in the bank's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares TIPS Bond ETF ended Wednesday’s session up 0.87% at $103.24. The ETF could be affected by the potential rate hikes.
The potential rate hikes could affect the performance of the ETF. This could lead to a decrease in the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80