JP Morgan’s Dimon: Better be prepared to deal with US rates 5% or higher

Dhwani Mehta FXStreet

JPMorgan's Chief Executive Officer (CEO) Jamie Dimon commented on the US Treasury yields, the Fed’s interest rates outlook and crypto markets, in an interview with the Harvard Business Review conducted over the weekend.

Key Points (via Reuters):

"You better be prepared to deal with rates 5% or higher - it's a higher probability than most people think"

Bull market could "actually go for two or three more years".

The economy still doing well, markets usually turn before the economy.

Crypto "not the same as gold or fiat currencies", referring to fiat being "supported by law, police, courts".

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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