JPMorgan Chase's letter to shareholders: Geopolitical conflicts exacerbate inflation, and market expectations for interest rate cuts have largely subsided.

CoinFeed reported on April 6th that JPMorgan Chase CEO Jamie Dimon emphasized in his annual shareholder letter that the United States needs to strengthen its economic and military hegemony. The bank will invest over $1 trillion to support national strategy and launch two initiatives with a combined $2.5 trillion allocated to economic security and community development. Dimon warned that the conflict with Iran will drive up oil prices and inflation, leading to higher-than-expected interest rates. The expectation of a Federal Reserve rate cut in 2026 has largely failed to materialize, resulting in the worst quarter for US stocks. He believes the US economy is resilient, but its prosperity depends on fiscal deficits and stimulus; he also warned of hidden risks in private lending and denounced the new bank capital requirements as "absurd." Dimon's frequent involvement in macroeconomic policy is seen as a potential candidate for high-level government positions, and his statements directly influence global interest rates and risk asset pricing.