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JPMorgan chief says 'hurricane' is bearing down on economy

Jamie Dimon claims oil could reach $175 a barrel on fallout from Ukraine war

JPMorgan Chase chief executive Jamie Dimon warned of the risk of market volatility as the Fed implements its policy of "quantitative tightening."   © Reuters

NEW YORK (Financial Times) -- JPMorgan Chase chief executive Jamie Dimon on Wednesday warned investors to brace themselves for an economic "hurricane" as the war in Ukraine and policy tightening by the Federal Reserve roil markets.

Dimon struck a gloomier tone on the economic outlook than in remarks he made just last week during JPMorgan's first investor day in two years, when he referred to the threats as "storm clouds."

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