Dimon Says He’s Skeptical of Soft Landing After Rate Cut

Bloomberg09-21

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains skeptical about a soft landing in the US following the Federal Reserve’s first rate cut in more than four years — and said he ...

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Comments

  • Guavaxf30
    09-22
    Guavaxf30
    It's not a disaster, but it is not a heaven sent either. DOW being at record high is not about fundamentals but rather sentiments and wishful hopes. It probably contains a large element of FOMO amongst the common investors.  1999 and 2020 all over again.
  • _dachad
    09-22
    _dachad
    "it's like steering an oil tanker", is what they say. What did Powell expect, by wanting "more evidence"?   Now has to make a sharper turn with 50bps. Shld've cut sooner 25bp & control the narrative, so that mkt/businesses don't get ahead of themselves thinking inflation fight is over.  Fed was late in leaving rates low for so long, now late the other way.
  • Jenjorjack
    09-21
    Jenjorjack
    Me too but the markets are a going ahead with the party anyway 
  • Chize
    09-21
    Chize
    What's he saying?
  • AnakPandai
    09-21
    AnakPandai
    He hasn't made sense before
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