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Jamie Dimon warns of 7% Fed rate, banking crisis, bleak commercial real estate

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IroNat:
https://finance.yahoo.com/news/jamie-dimon-warns-7-fed-101749101.html

The JPM CEO is convinced that the situation will get worse, because contrary to market expectations that the Fed has reached the upper end of its interest rates, he expects higher interest rates, as he explained:

"I think everyone should be prepared for rates going higher from here. You should be prepared for 6 or 7 percent."

deadz:

--- Quote from: IroNat on May 23, 2023, 02:31:48 PM ---https://finance.yahoo.com/news/jamie-dimon-warns-7-fed-101749101.html

The JPM CEO is convinced that the situation will get worse, because contrary to market expectations that the Fed has reached the upper end of its interest rates, he expects higher interest rates, as he explained:

"I think everyone should be prepared for rates going higher from here. You should be prepared for 6 or 7 percent."

--- End quote ---
Looks like I’ll be waiting until the next Admin takes control before I decide to make a purchase.

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