The stock market initially expected multiple rate cuts in 2024. However, as the year progressed, persistent inflation has led the Federal Reserve to reconsider its approach, deciding to maintain current rates with discussions of potential rate hikes gaining traction. JPMorgan CEO Jamie Dimon believes inflation is more persistent than anticipated and suggests that rate hikes could be necessary, labeling earlier predictions of rate cuts as overly optimistic. When asked about the possibility of predicting the ...