JPMorgan CEO Jamie Dimon predicts further rate hikes as inflation persists

JPMorgan CEO Jamie Dimon believes that the Federal Reserve may not be done raising interest rates due to "stickier" inflation, suggesting that businesses should be prepared for further rate hikes. While Dimon acknowledges the Fed's decision to pause for now, he believes there is a higher chance of additional rate increases than what others may think. He also expresses concerns about the potential impact of the Fed's quantitative tightening and warns that the current economic environment could be the most dangerous in decades. JPMorgan, which has positioned itself well for higher rates, remains ready to serve its clients regardless.