Estimated reading time: 0 minutes, 31 seconds

Morgan Stanley CEO: ‘50-50 Odds’ of Recession, But No ‘Massive Hole’ Ahead  

Tuesday, Jun 14 2022
Markets & Investments
Written by  PFA News

James Gorman, CEO of Morgan Stanley, said that while the chances of a recession have grown to 50%, he doesn’t expect the economy to fall “into some massive hole over the next few years.” So reports CNBC.

Morgan Stanley2Gorman said that it may be a “bumpy” ride for a while, and that the Fed waited too long to raise rates, but that he believes it will eventually get inflation under control.

Jamie Dimon, CEO of rival JPMorgan has said he thinks there is a “hurricane” ahead. However, Gorman says that he doesn’t see a “deep or long recession.”

Read the full article from CNBC.

Read 1847 times
Rate this item
(0 votes)
More in this category: « JPMorgan Sees 'Significant Upside' for Crypto Investors Jamie Dimon Sounds Alarm Bells »

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline