Dimon Warns 7% Fed Rate Still Possible, Times of India Says
- Difference between 5% and 7% more painful than 3% to 5% was
- Comments come amid view that Fed nearing end of tightening
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Markets may be predicting the end of the Federal Reserve’s tightening cycle, but Jamie Dimon is still telling clients to prepare for a worst-case scenario of benchmark interest rates hitting 7% along with stagflation.