This is the Worst Nightmare Scenario for People Who Run Money Warns Danielle DiMartino Booth

“I think that the 60% probability of one rate hike between now and January will probably get revised away, but it doesn't matter,” says Danielle DiMartino Booth, CEO and chief strategist for research and analytics firm QI Research. She emphasizes that Fed Chair Jerome Powell is looking for a reason to maintain higher interest rates so that he can eventually break the Fed put. Danielle says, “I am on board with his mission of breaking the Fed put... [but] don’t actually think that that’s going to happen.” She explains that even though JPMorgan Chase CEO Jamie Dimon warned investors against today's economic instability, she doesn’t believe it’s “hyperbolic” given his vantage point. “He's seeing from the front lines, and he's seeing in his credit card data that the consumer's finally slowing down…he's really got a good view on the confluence of events,” Danielle concludes. ➡️ Watch Here