US economy faces threat of inflation if Iran war lingers, JPMorgan's Dimon writes in annual letter

AP News AP News —

JPMorgan Chase CEO Jamie Dimon warns that a resilient U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets.

In his annual shareholder letter, Dimon describes inflation as the potential “skunk at the party” this year.

He cautions that turmoil in oil and commodity markets could affect everything from gasoline prices to manufacturing costs.

Dimon also warns that sustained inflation could force the Federal Reserve to keep interest rates higher for longer.

Despite these risks, he remains generally optimistic about the current economy, noting its resilience amid challenges.

Read full article at AP News →

Jamie Dimon warns of inflation