in

JPMorgan’s Dimon and BlackRock’s Fink warn of ‘higher for longer’ rates

JPMorgan’s Dimon and BlackRock’s Fink warn of ‘higher for longer’ rates

Jamie Dimon and Larry Fink have warned investors to brace for the Federal Reserve keeping interest rates higher for a longer period of time, bucking the view that the central bank will cut rates later in 2023.

The comments from two of Wall Street’s most prominent executives made the case that the collapse of Silicon Valley Bank and broader struggles among regional US banks will not be enough to deter the Fed from keeping rates…


Posted by Editor

Ginebra import Justin Brownlee. –MARLO CUETO/INQUIRER.net

Justin Brownlee, Ginebra determined to get ‘pivotal’ 3-1 lead in PBA Finals

First Person: Keeping memories of Rwandan genocide victims alive

First Person: Keeping memories of Rwandan genocide victims alive