US Bank Chiefs Divided Over Fed's Rate Cuts And Economic Outlook Amid Economic Uncertainty
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#d85b6eb2 ver:1.01

US bank chiefs divided over Fed's rate cuts and economic outlook amid economic uncertainty. Unemployment is becoming a credible risk, urging the Fed to cut rates to prevent a recession. However, cutting rates prematurely could boost inflation, while waiting too long could lead to a recession. Economic data suggests a major deceleration in economic activity, with a slowdown in job growth. While experts argue the US economy is not approaching stagflation, concerns about inflation and consumer health persist. Bank executives highlight challenges of high interest rates and geopolitical changes. JPMorgan Chase CEO warns of potential tail risks, while Wells Fargo CEO notes slowing economy. Citigroup CEO sees softening labor market and tighter consumer budgets. Vigilance and flexibility are crucial amid economic uncertainty. #Fed #economy #inflation #interestrates #recession...

#newstr #UsEconomy #Unemployment #Inflation #InterestRates #Recession #LaborMarket #RateCuts #FederalReserve #Politics #UsBanking #MacroeconomicRisks 

 https://here.news/story/d85b6eb2?ver=1.01