“I am not sure if the world is prepared for 7%,” said the JPMorgan CEO earlier Tuesday. Dimon noted that the rise in the U.S. Federal Reserve’s benchmark fed funds rate from 0%-2% was not a big deal and that the rise from 2% to the current 5.25%-5.50% caught a few off guard. A rise to 7%, though, he cautioned, is something very few market participants are expecting.
Source: https://www.coindesk.com/markets/2023/09/26/bitcoin-barely-holds-26k-as-interest-rate-surge-continues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines