JPMorgan CEO: Fed rate cuts uncertain, stablecoins under no threat to banks

Dimon indicated that current inflation is about 3%, complicating the Fed’s potential rate cuts. The market is anticipating up to five cuts over the next 12 months, which could influence investments in Bitcoin and other cryptocurrencies.

Regarding stablecoins, Dimon is not overly worried but sees the need for banks to understand their implications. He acknowledges the appeal of stablecoins and suggests that banks should actively engage in discussions around their regulation.