Jamie Dimon Warns Market May Be Underestimating Rate Hike Risks, Flags Investor Complacency Amid Trump Tariffs: 'Cause Of Concern'
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JP Morgan CEO Jamie Dimon warns that financial markets may be underestimating the risks of rising U.S. interest rates, citing concerns over tariffs, immigration policies, and the budget deficit. He believes the market's 20% chance of a rate hike is too low, estimating it at 40-50%. Dimon criticizes market complacency regarding Trump's tariff policies and highlights the challenges in interpreting real-time economic data. His comments come amid uncertainty following the Federal Reserve's recent decisions and record levels in money market funds, indicating potential economic instability ahead.
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