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Fortune

Christiaan Hetzner

Jamie Dimon warns markets are fooling themselves by thinking inflation will soon go away

Jamie Dimon Inflation JPMorgan

JPMorgan boss Jamie Dimon (Credit: Nathan Laine—Bloomberg via Getty Images)

JPMorgan CEO Jamie Dimon worries exuberant investors are running ahead of themselves due to what he called “a lot of happy talk”, forgetting pricing pressures that have yet to manifest but are already in the pipeline.

Equity markets hit fresh highs this week, with the Dow Jones breaking above 40,000 points for the first time after data suggested inflation is cooling down, opening the door to stimulative interest rate cuts by the Federal Reserve.

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