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

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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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Guavaxf30
·09-22
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.
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_dachad
·09-22
"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.
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- singsongone 10:
  Should cut 40 bps lol
  09-24
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Jenjorjack
·09-21
Me too but the markets are a going ahead with the party anyway
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Chize
·09-21
What's he saying?
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AnakPandai
·09-21
He hasn't made sense before
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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 ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-20/jpm-s-dimon-says-he-s-skeptical-of-soft-landing-after-rate-cut?srnd=homepage-americas\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JPM","symbol_name":"摩根大通","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-09-20/jpm-s-dimon-says-he-s-skeptical-of-soft-landing-after-rate-cut?srnd=homepage-americas","article_id":"1145656039","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145656039","pubTimestamp":1726882476,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"JPMorgan Chase & Co. 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I give it lower odds,” he said at The Atlantic Festival event in Washington on Friday. “I hope it’s true, but I’m also more skeptical that inflation is going to go away so easily, not because it hasn’t come down — it has — and it can come down more.”The rate cut will have almost no effect on the presidential election, the CEO of the biggest US bank added, when asked if there would be an impact.The Federal Reserve cut its benchmark interest rate by half a percentage point Wednesday in a policy shift aimed at engineering a so-called soft landing. 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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.&nbsp; 1999 and 2020 all over again.","text":"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.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":31,"commentSize":0,"repostSize":3,"link":"https://ttm.financial/post/351955160285272","repostId":1145656039,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351937793995000,"gmtCreate":1726960890090,"gmtModify":1727179102355,"author":{"id":"4106309378680090","authorId":"4106309378680090","name":"_dachad","avatar":"https://community-static.tradeup.com/news/e6856c1f1ee94253ef9a7fa17811e96c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4106309378680090","authorIdStr":"4106309378680090"},"htmlText":"\"it's like steering an oil tanker\", is what they say. What did&nbsp;Powell expect, by&nbsp;wanting&nbsp;\"more evidence\"?&nbsp;&nbsp;&nbsp;Now has to make a sharper turn with 50bps. Shld've cut sooner 25bp &amp; control the narrative, so that mkt/businesses don't get ahead of themselves thinking inflation fight is over.&nbsp; Fed was late in leaving rates low for so long, now late the other way.","listText":"\"it's like steering an oil tanker\", is what they say. What did&nbsp;Powell expect, by&nbsp;wanting&nbsp;\"more evidence\"?&nbsp;&nbsp;&nbsp;Now has to make a sharper turn with 50bps. Shld've cut sooner 25bp &amp; control the narrative, so that mkt/businesses don't get ahead of themselves thinking inflation fight is over.&nbsp; Fed was late in leaving rates low for so long, now late the other way.","text":"\"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.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":22,"commentSize":1,"repostSize":3,"link":"https://ttm.financial/post/351937793995000","repostId":1145656039,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":352901091946520,"gmtCreate":1727179155893,"gmtModify":1727179160710,"authorId":4100931252200150,"author":{"id":4100931252200150,"idStr":"4100931252200150","authorId":4100931252200150,"name":"singsongone 10","avatar":"https://community-static.tradeup.com/news/94dfaf4eb4bea5dfbb54ddc702dc88e9","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-1","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 50%","bigImgUrl":"https://community-static.tradeup.com/news/ffa0ed2850aef35663a435f4fb24f40c","smallImgUrl":"https://community-static.tradeup.com/news/4f67f095c241bed7b45d41ed5b78dd58","grayImgUrl":"https://community-static.tradeup.com/news/01339d2a5c822a77e0c581ef8f959d81","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.05","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":351937793995000,"type":1,"supId":0,"prevId":0,"content":"<p>Should cut 40 bps lol </p>","text":"<p>Should cut 40 bps lol </p>","html":"<p>Should cut 40 bps lol </p>"}],"langContent":"EN"},{"id":351687229472912,"gmtCreate":1726899714923,"gmtModify":1726899720562,"author":{"id":"3554873215379647","authorId":"3554873215379647","name":"Jenjorjack","avatar":"https://static.tigerbbs.com/d9d4687aa5519f0d2fb1b18f916be861","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"3554873215379647","authorIdStr":"3554873215379647"},"htmlText":"Me too but the markets are a going ahead with the party anyway&nbsp;","listText":"Me too but the markets are a going ahead with the party anyway&nbsp;","text":"Me too but the markets are a going ahead with the party anyway","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351687229472912","repostId":1145656039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351665188098320,"gmtCreate":1726898558124,"gmtModify":1726911669120,"author":{"id":"3577960806827678","authorId":"3577960806827678","name":"Chize","avatar":"https://static.tigerbbs.com/f4292af4536451cd4af51c242017df95","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577960806827678","authorIdStr":"3577960806827678"},"htmlText":"What's he saying?","listText":"What's he saying?","text":"What's he saying?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351665188098320","repostId":1145656039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351682381054176,"gmtCreate":1726898531807,"gmtModify":1726911669342,"author":{"id":"4092982674734720","authorId":"4092982674734720","name":"AnakPandai","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4092982674734720","authorIdStr":"4092982674734720"},"htmlText":"He hasn't made sense before","listText":"He hasn't made sense before","text":"He hasn't made sense before","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351682381054176","repostId":1145656039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":17,"commentSize":5,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}