FACTBOX US banking execs weigh macroeconomic risks, Fed’s interest rate path
Executives from top U.S. banks remained divided over the U.S. Federal Reserve’s future path on interest rate cuts and flagged deterioration in consumer health when they reported mixed second-quarter results.
Banks are having to pay more to retain customers who are hunting for greater yields while also dealing with the fallout of higher-for-longer interest rates, as borrowers balk at taking out new loans.
Source: REUTER