In yet another warning about inflation, despite recent signs of easing price pressures, JP Morgan CEO on Friday Jamie Dimon.

“There has been some progress in reducing inflation, but there are still multiple inflationary forces ahead: large fiscal deficits, infrastructure needs, trade restructuring and the re-militarization of the world,” Dimon said in the results release. quarter of the bank.Therefore, inflation and interest rates may remain high for longer than markets estimate“.

Dimon’s comments follow of official US inflation data which showed that in June it posted its biggest drop in four years for the first time, boosting bets that the US Federal Reserve (FED) will cut interest rates soon.

Last week anyway Fed chief Jerome Powell expressed concerns that keeping interest rates too high for too long would put the economy at risk.

JPMorgan’s results

Regarding JPMorgan’s financial figures for the second quarter of the year exceeded analysts’ estimates as investment banking fees soared 52% over the previous year.

The bank reported adjusted earnings per share of $4.26, compared to the $4.19 that analysts were expecting, on revenue of $50.99 billion, compared to analysts’ estimates of $49.87 billion. .