U.S. Banks Prepare For Recession
Major U.S. banks have reported mixed results for the fourth quarter, as bank executives pointed to the rising odds of a “mild recession,” with inflation and interest rate hikes challenging households and businesses. It seems like big U.S. banks are preparing for a mild recession.
Major U.S. banks released mixed fourth-quarter results on Friday as executives warned of the likelihood of a “mild recession,” and noted the difficulties faced by consumers and businesses due to inflation and interest rate increases, reports The Wall Street Journal.
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