Jamie Dimon thinks the market may be underestimating how many times the Federal Reserve will hike interest rates next year.
Fed Fund futures prices, which allow traders to speculate on Fed policy moves, currently imply around for rate hikes this year, with nearly a 30 percent chance of a fifth rate hike. Dimon, speaking to analysts in a conference call to discuss J.P. Morgan Chase’s fourth-quarter results, warned there could be even more.
“My view is a pretty good chance there’ll be more than 4. It could be 6 or 7,” Dimon said.
Dimon has been chief executive of J.P. Morgan Chase, the largest U.S. bank by assets and by deposits, since 2006. He has been chairman of the bank’s board of