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JP Morgan's Pinto says Fed to hike towards 5.5%, see a US recession

JPMorgan's President and Chief Operating Officer Daniel Pinto spoke on Friday ICYMI.Said lending is slowing due to both supply and demand issues: "There is no doubt that regional banks and smaller banks are building up liquidity, building capital, so they are lending a bit less""I don't think that the big banks have really changed their lending standards... there is not a huge amount of loan demand in the first place." On the economy and Federal Reserve: consumption remains positivethere are som... Read More

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Posted: Jun 5 2023, 00:01

Author Name: forexlive

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