Fed may have to hike again, says JPMorgan chief
Treasury yields move higher for third straight year for the first time in 36 years as the Fed hikes rates.An inflection point has been reached with the Fed and interest rates. The 10-year Treasury yield of 1.37% on July 8, 2016 marked the end of the 30-year bull market in bonds.
Jamie Dimon says the central bank was "a day late and a dollar short" in beginning hikes and may have to do more.
JPMorgan Chase & Co. Chief Executive Jamie Dimon said the Federal Reserve may have to keep increasing its benchmark interest rate in the coming months to combat persistent inflation.
The central bank was “a day late and a dollar short” in beginning to raise rates and the rapid incre
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