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0.000248720864127388 0.000663255637672856 0.000450066325563762 -0.0010422588592003 -0.0010422588592003 -0.00127913587265497 -0.00232139473185526 -0.00068694333901843
Stock impact report

Jamie Dimon Dismisses Rate Cut Hype – Says Of Americans 'Only 5% Would Know About It' [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Don't Miss: How do billionaires pay less in income tax than you? Tax deferring is their number one strategy While Wall Street has been buzzing about the Fed's 50-basis-point cut, Dimon doesn't see it as top of mind for everyday folks. He pointed out that mortgage rates had already started to dip before the Fed's decision. “I'm skeptical that inflation is going to go away easily,” Dimon said, suggesting that bigger forces are at play. He listed military spending, the transition to a greener economy and aging populations as reasons why inflation might stick around longer than some expect. “There's a lot of things in the future that are inflationary.” Despite the rate cut, Dimon doesn't believe it'll impact the upcoming U.S. presidential election. His focus remains on the broader economy. MarketWatch reported that Dimon's point was that "everyday Americans are not tracking the Fed's decisions. Instead, we need to focus on the real economy longer term and how Americans are spending Show less Read more
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