JPMorgan CEO: Fed is Right to Hold Steady, Prepared for Rates to Rise to 5%
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According to a report by Jinse Finance, JPMorgan CEO Dimon stated that it is correct for the Federal Reserve to remain on hold now. We are fully prepared for interest rates to rise to 5%. The Federal Reserve can attempt to manipulate long-term rates, but such manipulation won't last long. Artificial intelligence may have a deflationary effect, but it will not appear next year.
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