- JPMorgan chief Jamie Dimon sounded the alarm on a possible recession, warning Wall Street to prepare for the threat of rising interest rates even as inflation slows.
- “A lot of things out there are dangerous and inflationary. Be prepared,” Dimon said at the New York Times DealBook Summit in New York on Wednesday.
- “Interest rates may go up and that might lead to recession,” he added, according to CNN Business.
- Dimon’s comments suggest that he doesn’t forecast a rate cut following the next two-day Federal Open Market Committee meeting on Dec. 11 and 12.
