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Fortune
Fortune
Christiaan Hetzner

Jamie Dimon fears markets prematurely declared victory over inflation: ‘People should take a deep breath’

Jamie Dimon is worried markets may have gotten ahead of themselves. (Credit: Tom Williams—CQ-Roll Call, Inc/Getty Images)

It all seems too easy—like a Hollywood film where the hero storms a heavily fortified lair only to encounter no resistance.

After months of sky-high inflation, prices are finally coming down after the Fed hiked interest rates eight times without kicking off a recession. But JPMorgan CEO Jamie Dimon can’t shake the feeling that markets have written off the inflation battle, only to discover in horror that the villain rises from the dead in the final scene.

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