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Fed Rate Cut Won’t Be ‘Earth-Shattering,’ JPMorgan's Dimon Says
Posted
September 18, 2024
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0:51Now PlayingJPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said whether the Federal Reserve cuts interest rates by 25 or 50 basis points, the move is “not going to be earth-shattering.” #fed #interestrates #inflation #economy #money #politics #worldnews
“They need to do it,” Dimon said at a conference on Tuesday. But “it’s a minor thing when the Fed’s raising rates and lowering rates because underneath that there’s a real economy.”
Fed officials are expected to lower interest rates this week for the first time in more than four years. Ahead of the decision, bond traders have been divided over whether the Fed will cut by a quarter-point or a half point as the central bank continues to pursue a soft landing.
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