JPM · News · 20260916N
Interest Rate Outlook
JPMORGAN CHASE & CO · 2026-09-16 · Importance 20 · Surprise 24 · In source text
JPMorgan CEO Jamie Dimon said inflation may not yet be fully contained despite the Federal Reserve’s September 2026 rate hike. He warned businesses to prepare for interest-rate volatility driven by persistent inflation, global fiscal deficits, and strong demand for capital. Following the Fed’s 25-basis-point increase, JPMorgan and other major U.S. banks raised their prime lending rates from 6.75% to 7% effective Thursday, increasing borrowing costs for consumers and businesses. Dimon did not foresee an imminent downturn, citing low unemployment and corporate profitability, while identifying labor-market deterioration as the key indicator of broader economic stress.
Key facts
- Following the Federal Reserve's quarter-point rate hike, several major U.S. banks including JPMorgan are increasing their prime lending rate from 6.75% to 7% starting Thursday. source
- JPMorgan CEO Jamie Dimon said he is not convinced inflation has been "slayed" and warned businesses to prepare for interest rate volatility due to persistent inflation, global deficits, and high demand for capital. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Following the Federal Reserve's quarter-point rate hike, several major U.S. banks including JPMorgan are increasing their prime lending… |