💬 Quoted… “Warren Buffett says you find out who is swimming naked when the tide goes out. [Interest rates increasing from 5% to 7%] will be the tide going out.”

In an interview with the Times of India this week, JPMorgan CEO Jamie Dimon said he’s currently warning his clients to prepare for a “worst case” scenario in which the US Federal Reserve keeps raising interest rates to 7% in the near future (for reference: the Fed’s current target range is 5.25%-5.5%).

• Dimon’s comments contrast with the consensus view in US financial markets, where traders are predicting the Fed won’t hike rates above a peak of 5.75%.

💼 Stat of the Day: 94% = the percentage of all S&P 100 new hires who were people of color between 2020 and 2021; that’s per a new Bloomberg analysis of the 88 S&P 100 companies for which such data is available.

🤔 Did You Know?... The “QWERTY” keyboard was invented as part of the world’s first commercially successful typewriter. And while the layout has been featured in nearly every successful keyboard in history, researchers are still unclear what prompted the initial design.

📰 Worth a Read: Cape Grim: The picturesque island with the cleanest air on Earth → (BBC Travel)