JPMorgan CEO Predicts Prolonged High Interest Rates

According to Odaily, JPMorgan Chase CEO Jamie Dimon expressed in an interview with The Times of India that he believes interest rates may remain elevated for an extended period. Dimon cited the complex geopolitical landscape and extreme global fiscal spending as factors contributing to this outlook. He estimated the likelihood of a soft landing to be less than 70%-80%. Dimon also mentioned that inflation could rise over time.