During an interview with Bloomberg on Thursday, JPMorgan CEO Jamie Dimon stated that he sees” a lot of inflationary troops in front of us” including” the natural economy, the remilitarization of the world, the network requirements, the reform of commerce, fiscal shortfalls”.
Dimon said,” We’ve had good, good industry for quite a while. They’re sort of predicting a sweet landing…that’s all great. It does n’t tell you what the future’s going to be. There are many instances in record where that was accurate and the following year it was not. And thus, we’ll view. I do n’t pay as much attention to monthly figures as most people do.
He added,” I’m a little more concerned about it. We’ve had a lot of fiscal imbalances, and I believe the prices may certainly reverse the way that people anticipate. And I look at the prospect, like a lot of things we look at are kind of expansionary, the green market, the remilitarization of the world, the network requirements, the reform of commerce, fiscal deficits. Therefore, I believe there are a lot of inflationary causes in our path that could keep it a little bit higher than people would like.
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