Jaime Dimon warns inflation could soar beyond expectations as US, Israeli strikes on Iran spark terror fears
JPMorgan Chase CEO Jamie Dimon warned Monday that inflation could shape up to be a “skunk in a party” following the US and Israeli air strikes on Iran over the weekend.Following the outbreak of conflict, in which Iranian Supreme Leader Ayatollah Ali Khamenei was killed, oil prices surged over fears of supply constraints and Wall Street’s volatility index jumped to its highest level so far this year.“There’s some risk there’s more inflation than people think, and that could be like a skunk at a party if that ...