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Fortune
Fortune
Eleanor Pringle

Jamie Dimon says there's a chance the Fed could further hike rates instead of cutting

Jamie Dimon US Federal Reserve Inflation
Jamie Dimon, chief executive officer of JPMorgan Chase (Credit: Nathan Laine/Bloomberg - Getty Images)

Analysts eagerly await the day Jerome Powell announces rate cuts, but JPMorgan CEO Jamie Dimon fears Wall Street could face a nasty shock instead.

Dimon is concerned that the Fed may raise rates even higher than their current two-decade peak instead of lowering them.

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