U.S banks warn of recession amid high inflation
STORY: Shares of the biggest U.S. banks fell sharply on Wednesday, a day after a lineup of the country's top bankers said they were bracing for a worsening economy next year as inflation threatens the spending power of American consumers.
JPMorgan Chase CEO Jamie Dimon told CNBC on Tuesday that consumers and companies are in good shape at the moment, but that may not last much longer, adding that a slowing economy and inflation might very well cause "a mild to hard recession."
Dimon said excess savings held by consumers from stimulus programs approved by Congress beginning in 2020 may run out some time in mid-2023.
Dimon also said the Federal Reserve may pause for three to six months after raising interest rates, but that those higher rates may "not be sufficient" to tame high inflation.
Bank of America CEO Brian Moynihan told investors at a Goldman Sachs financial conference that the bank's research shows "negative growth" in the first part of 2023, but that the contraction will be "mild."
And Goldman Sachs CEO David Solomon said at the same conference that "economic growth is slowing," adding that when he talks to clients, "they sound extremely cautious."
Meanwhile, some banks including Goldman and Citigroup are cutting jobs. On Tuesday, a source told Reuters that Morgan Stanley has reduced about 2% of its workforce, affecting about 1,600 positions.
相關影片推薦
- 16:23中美貿易戰 美國祭出電動車高關稅反傷自己?陳鳳馨指關鍵在歐盟!【#風向龍鳳配】風向台灣4,119 次觀看・1 天前
- 3:21不讓進場!韓國瑜遭女綠委熊抱 藍綠拉扯5分鐘華視影音20,211 次觀看・10 小時前
- 1:48詭! 女子90度低頭「呆站不動」目擊民眾:她眼睜好大東森新聞影音109,508 次觀看・3 天前
- 1:53女遭水豚咬傷腿濺血 業者:理賠4.5萬繼續協商華視影音2,510 次觀看・9 小時前
- 5:45阿信牽手女神互看後忍不住笑噴 五月天唱回北京鳥巢畫面超震撼!!!娛樂星聞16,826 次觀看・7 小時前
- 0:37太多盜版吳彥祖! 本尊開抖音「搜不到帳號」 呼籲粉絲:收手吧TVBS新聞網影音1,233 次觀看・7 小時前
- 1:44「哥吉拉現身龜山島?」掀熱議 實為3D軟體圖華視影音948 次觀看・9 小時前
- 1:59綠委「擒抱不給走」 韓國瑜西裝險遭扯破TVBS新聞網影音3,679 次觀看・7 小時前
- 2:03518國際博物館日 故宮"免費逛"湧入大批民眾民視影音2,496 次觀看・1 天前
- 1:56驚! 花882元吃合點壽司「鑽出蛞蝓」 女:險下肚TVBS新聞網影音1,235 次觀看・7 小時前
熱門必看
- 1:03湯唯與孔劉劇照曝光 兩人笑臉盈盈好養眼娛樂星聞47,050 次觀看・4 天前
- 3:01甜點、便當通通只要日幣XXX元! 網友實測LAWSON 100有多好逛Yahoo創作摩人37,241 次觀看・1 週前
- 12:47【不夠善良的我們】大結局解析+討論 照顧情敵的原因?何瑞之到底愛不愛老婆?許瑋甯也太會演了吧!Ki笑人生84,930 次觀看・1 週前
- 12:582024買不起房,都是自己害的?近30年台灣房價都不會下跌,未來房子只會越來越小 ft.游庭皓SHIN LI71,768 次觀看・1 週前
- 9:14【爆球連發】" OS特化扳機 !! " OS-109 獨角獸 開箱測試雷達之星15,834 次觀看・5 天前