Factbox-US banking execs weigh macroeconomic risks, Fed's interest rate path
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Executives from top U.S. banks remain divided over the U.S. Federal Reserve's future path on interest rate cuts and flag deterioration in consumer health. JPMorgan Chase CEO Jamie Dimon warns of potential tail risks, including a changing geopolitical situation. Wells Fargo CEO Charlie Scharf acknowledges the slowing economy and continued headwinds from inflation and interest rates. Citigroup CEO Jane Fraser notes softening labor market and tightening consumer budgets. The banks also highlight stress on consumers with lower credit scores. The challenge for the Fed is finding the best timing for rate changes to cushion against potential softness in the future.

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https://finance.yahoo.com/news/factbox-us-banking-execs-weigh-172651075.html