JP Morgan’s Dimon: Sees 80% chance of US-China trade deal being done

In an interview with Bloomberg TV on Wednesday, the JP Morgan Chief Executive Officer (CEO) Jamie Dimon offered his take on a potential US-China trade deal.

Key Quotes:

“Better for Federal Reserve to ditch forecasts on rates.

US 10-year yield at 2.5% is 'extraordinarily low'.

Nothing wrong with wait and see for the Fed: hit to world growth if US-China talks go really south.

Would rather not do trade deal than have a bad deal.

Sees 80% chance of US-China trade deal being done.”