Reported 1 day ago
Citi CEO Jane Fraser has weighed in on current financial market dynamics, indicating that we are entering a new phase of globalization characterized by strategic self-interest rather than cooperation. She noted that investors are increasingly reevaluating long-held beliefs, with markets reflecting this by pricing greater risks into assets. Fraser pointed out a trend towards diversification among investors, particularly towards Japan, India, and parts of Europe. Despite a recent downgrade of the U.S. credit rating and concerns about the impact of tariffs, she suggested that a slight easing in inflation and temporary tariff reductions provided some market relief, although uncertainty remains as companies navigate these challenges.
Source: YAHOO