“I’m not positive if the world is ready for 7%,” stated the JPMorgan CEO earlier Tuesday. Dimon famous that the rise within the U.S. Federal Reserve’s benchmark fed funds fee from 0%-2% was not an enormous deal and that the rise from 2% to the present 5.25%-5.50% caught a number of off guard. An increase to 7%, although, he cautioned, is one thing only a few market members predict.
