JPMorgan CEO Predicts Higher Likelihood of Fed Rate Hike

According to Odaily, JPMorgan Chase CEO Jamie Dimon has expressed that the Federal Reserve may be more likely to raise interest rates than many anticipate. Dimon stated, "I believe the probability of a rate hike is higher than others expect." He suggested that while market pricing reflects a 20% chance, he estimates the likelihood to be between 40% and 50%.