— Alastair Williamson (@StockBoardAsset) October 12, 2018
— FOX Business (@FoxBusiness) October 12, 2018
Dow Tumbles 400 Points, Turns Red After Kudlow Cast Doubt On Trump, Xi Meeting t.co/ntNvKwbNCB
— zerohedge (@zerohedge) October 12, 2018
- J.P. Morgan Chase CEO Jamie Dimon raises concerns that rising interest rates and geopolitical flareups could derail U.S. economic growth.
- While rising rates amid a strong economy are good during periods of inflation, they could eventually put a halt to the nearly decade-long economic growth cycle, he says.
“The economy is still very strong, and that’s across wages, job creation, capital expenditure, consumer credit; it’s pretty broad-based and it’s not going to be diminished immediately,” Dimon said in a media conference call following his bank’s earnings report. “I was pointing out the probabilities that I thought were higher that rates would go up. I still believe that. I do think you’re going to see higher rates.”