During their first-quarter earnings calls, major Wall Street leaders, including JPMorgan's Jamie Dimon, Goldman Sachs' David Solomon, and Citi's Jane Fraser, expressed caution about the U.S. economy. Despite suggesting potential drops in inflation and interest rates and a continued economic growth that could avoid a recession, they emphasized the serious threats posed by ongoing high inflation, elevated borrowing costs, the risk of a painful economic downturn, and the impact of international conflicts. BlackRock's Larry Fink and Blackstone's Steve Schwarzman also highlighted the prevailing sense of fear and uncertainty in the markets.
Posted: 2024-04-22 10:31:02.000000