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ICYMI: JP Morgan CEO Dimon says be prepared for interest rates to remain higher for longer

ICYMI: JP Morgan CEO Dimon says be prepared for interest rates to remain higher for longer
Comments reported late on Friday from JP Morgan Chase CEO Jamie Dimon. Dimon was speaking to analysts during a conference call.“People need to be prepared for the potential of higher rates for longer” “If and when that happens, it will undress problems in the economy for those who are too exposed to floating rates, for those who are too exposed to refi risk”(Refi risk is, in a nutshell, refinancing existing loans at, now higher, market rates.) “Those exposures will be in multiple parts of the e... Read More
Posted: Apr 16 2023, 21:09
Author Name: forexlive
Views: 110431

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