Why Jamie Dimon's Interest Rate Predictions Could Be Great News for Real Estate Investors
Usually, the last thing anybody wants to hear is that interest rates are going up, but Jamie Dimon seemed almost thrilled at the idea in an interview on Monday. The CEO and chairman of JPMorgan Chase told CNBC he believes not only is the country headed for some of its best growth in decades but also that the Federal Reserve is going to hike rates far more than had been anticipated back in 2021.
Despite other experts predicting four rate hikes in 2022, Dimon says there could be more, and the economy will be all the better for it.
"The market is different," Dimon said in his interview with CNBC. "We're kind of expecting that the market will have a lot of volatility this year as rates go up and people kind of redo projections. If we're lucky, the Fed can slow things down and we'll have what they call a 'soft landing'."
Source Fool.com
