FX.co ★ JPMorgan Chase & Co. anticipates a more aggressive Fed policy.

The executive director of JPMorgan Chase & Co., Jamie Dimon, is convinced that the Federal Reserve's rate hike should be greater than what is currently anticipated, even if everyone is waiting to see what Jerome Powell will say today. "Under the assumption that the Fed would raise the benchmark rate to roughly 5%, there is a 50% probability that present forecasts are true and a 50% chance that the Central Bank will have to raise it to 6%," said the executive director of JPMorgan Chase & Co. in an interview. "I believe that the present increases might not be sufficient. It is obvious that we are a little behind schedule, and it is unlikely that the economy would suffer much from high rates in the coming three to six months.

Before the release of anticipated US inflation figures on Thursday, the CEO of the largest US bank made his remarks. It will determine the market's future path, but for the time being, stock values are falling while indexes are being adjusted.

Premarket

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