
JP Morgan (NYSE:JPM) CEO Jamie Dimon has raised a red flag about the potential underestimation of the risk of higher U.S. interest rates by the financial markets.
What Happened: Dimon expressed his concerns at an event hosted by Ireland’s foreign ministry in Dublin on Thursday. He stated that the financial markets may not be fully considering the possibility of a rise in U.S. interest rates, which he described as a “cause for concern,” reported Reuters.