JPMorgan boss Jamie Dimon says markets are in for a wild ride this year, and predicts the Fed will hike rates more than 4 times

Since 2005, Jamie Dimon has been CEO of the company.

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Jamie Dimon, the CEO of JP Morgan, said financial markets are going to be rocky in 2022, and he would be surprised if the Fed hiked only four times.

The market will have a lot of volatility this year, as rates go up, according to Dimon.

He said higher interest rates would cause investors to change their projections and look at businesses differently.

The Fed could well hike rates more aggressively than many expect, according to the head of the biggest bank in the US. He thinks inflation will be well above the central bank's 2% target by the end of the year.

He told CNBC's "The Exchange" that he would be surprised if it was just four increases. Four increases of 25 basis points is very small and easy for the economy to absorb.

Goldman said it now expects the Fed to raise rates four times this year, after the US unemployment rate fell in December. Four rate rises are penciled in byDeutsche Bank.

The stock markets were roiled in early 2022, due to expectations that the Fed will start to reduce its balance sheet and that this will bring an end to the huge support the central bank provided the economy and markets during the coronaviruses crisis.

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The S&P 500 is down more than 2% this year. Tech stocks have been the worst hit so far this year, with the tech-heavy Nasdaq 100 index down 4.3%.

The Fed has a difficult task ahead of it to bring down inflation without hurting the economy and markets. He said it would be like threading a needle.

The US economy is in a very strong position going into 2022, with consumers having built up savings during COVID-19 and employment and wages rising, according to the boss.

We're going to have. I think the growth we've had this year is the best we've ever had. He said that next year will be good.

The consumer balance sheet has never been in better shape. Home prices and stock prices are up. Wages are going up, and that tells you what's going to happen in the future.

A strong economy doesn't mean an easy ride for stocks, according to Dimon. He said that the market can have its own fluctuations unrelated to the economy.

Business Insider has an original article.