JPMorgan CEO Jamie Dimon warns: 'This may be the most dangerous time the world has seen in decades’

JPMorgan Chase CEO Jamie Dimon kicked off bank earnings season on Friday with a stark warning about the perils facing the world today. The war in Ukraine, along with the unprecedented attacks in Israel by Palestinian militant group Hamas last weekend, may have "far-reaching impacts on energy and food markets, global trade and geopolitical relationships," Dimon said in a statement accompanying the bank's third-quarter earnings release.

Fed policymakers have raised interest rates sharply over the past year, approving 11 rate hikes in hopes of crushing stubbornly high inflation. In the span of just one year, interest rates surged from near zero to above 5%, the fastest pace of tightening since the 1980s.

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