From cooling inflation to a looming recession, here's what CEOs of the 5 largest US banks are predicting for the economy through 2023
The world's largest banks reported earnings over the past week, and all eyes were on CEOs of the Wall Street giants for cues on how markets will weather current economic conditions.
Here is what some top bank CEOs are saying about the US economy during their earnings calls this season. ahead. "Everything points to a relatively mild recession given the amount of stimulus that was paid to people and the money they have left over," he said."At the end of the day, we don't see the activity on a consumer side slowing at a pace that would indicate that, but we see commercial customers are being more careful."
"We are in a strong position to navigate whatever environment we face, which is particularly relevant given the degree of uncertainty today," Fraser said on anShe added:"We believe it is now more likely that the US will enter into a shallow recession later this year."Gorman told analysts that the US economy is in much better shape than during the Great Financial Crisis.
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