Advertisement
New Zealand markets closed
  • NZX 50

    12,349.47
    -46.80 (-0.38%)
     
  • NZD/USD

    0.5890
    +0.0001 (+0.01%)
     
  • NZD/EUR

    0.5417
    -0.0009 (-0.16%)
     
  • ALL ORDS

    8,153.40
    +59.10 (+0.73%)
     
  • ASX 200

    7,921.30
    +60.10 (+0.76%)
     
  • OIL

    76.44
    -1.84 (-2.35%)
     
  • GOLD

    2,385.70
    +32.20 (+1.37%)
     
  • NASDAQ

    19,023.66
    +193.07 (+1.03%)
     
  • FTSE

    8,285.71
    +99.36 (+1.21%)
     
  • Dow Jones

    40,589.34
    +654.27 (+1.64%)
     
  • DAX

    18,417.55
    +118.83 (+0.65%)
     
  • Hang Seng

    17,021.31
    +16.34 (+0.10%)
     
  • NIKKEI 225

    37,667.41
    -202.10 (-0.53%)
     
  • NZD/JPY

    90.5250
    -0.0680 (-0.08%)
     

'Sticky' inflation could mean more rate rises - Jamie Dimon

STORY: From a peak of nearly 7% in June, the Fed's preferred measure of inflation stood at 5% in December - well above its 2% target but heading steadily downward.

“Inflation may not come down like people think,” said Dimon, who added that the war in Ukraine and its impact on trade and global politics is still a major concern.