Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., poses for a photo during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS.
Feb 23 (Reuters) - JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon expects U.S. interest rates could hit 6%, he said in an interview with CNBC on Thursday.
The Federal Reserve quickly caught up to out-of-control inflation and would probably pause interest rates at a little over 5%, but they may need to go higher, Dimon told CNBC.
“I suspect (interest rates) may have to go a little bit higher than 5 we're talking about. It could hit 6,” he added.
The Fed's policy rate is now in a range between 4.50% and 4.75%.
(Source: Reuters), all rights reserved by original source.
