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Fortune

Marco Quiroz-Gutierrez

Jamie Dimon says the market is wrong about inflation

Jamie Dimon Inflation Jerome Powell JPMorgan JPMorgan Chase US Federal Reserve

(Credit: Nathan Laine—Bloomberg via Getty Images)

Year-over-year inflation is at its lowest rate in years, but Jamie Dimon still thinks high prices could last longer than anticipated.

The longtime JPMorgan Chase CEO said in a note accompanying the bank’s second-quarter results Friday that despite a strong consumer price index report for June, other elements could play a role in lingering inflation.

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