Jamie Dimon

The Federal Reserve's policy rate will rise above 5% (it was 4.25-4.5% at the time).

“I actually think rates are probably going to go higher than 5%”

Said on

19 January 2023 · CNBC Squawk Box interview at the World Economic Forum in Davos

Source

JPMorgan CEO Dimon sees interest rates going beyond 5% - CNBC · The Wealth Advisor (Reuters)

Should come true

No date given

How sure they sounded

I actually think; probably

Categories

Economy

Importance

3 of 5 · The peak Fed rate sets US borrowing costs across the economy.

Outcome

Accurate Happened 3 May 2023.

The Fed raised its target range to 5.00-5.25% in May 2023 and to 5.25-5.50% in July 2023, putting rates above 5% as he predicted from a 4.25-4.50% starting point.

Evidence:

• https://www.federalreserve.gov/monetarypolicy/openmarket.htm