JPMorgan CEO Dimon Uncertain if Inflation is Tamed

JPMorgan Chase CEO Jamie Dimon expressed concerns about inflation, saying it's 'not clear to me we've slayed inflation'.

In an interview with Yahoo Finance, Dimon stated that he is still not convinced the problem of high inflation has been defeated, despite the Federal Reserve raising interest rates by 25 basis points and signaling borrowing costs could rise again.

US stocks slipped after the rate hike, and long-dated bond yields rose, with the 10-year yield topping 5% once again this week. Dimon warned that persistent inflation, global deficits, and enormous demand for capital could keep upward pressure on interest rates.

He stopped short of suggesting the economy is on the verge of a downturn, citing low unemployment, corporate profitability, and rising business formation as evidence of continued strength. However, he emphasized the importance of monitoring the labor market to gauge potential economic stress.