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Citigroup Warns Investors Of Rate Hikes | Banks Are Preparing For An Imminent Crisis 3 месяца назад


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Citigroup Warns Investors Of Rate Hikes | Banks Are Preparing For An Imminent Crisis

As interest rates climb to a 22-year high and the specter of a looming economic crisis grows more tangible, Citigroup's recent warning to investors serves as a stark reminder of the precarious state of global financial markets. Despite earlier optimism, Federal Reserve Chairman Powell's unwavering commitment to raising rates has sent shockwaves through various sectors, leading to significant job losses and economic turbulence. With banks like Citigroup announcing massive layoffs and bleak financial results, the urgency of the situation cannot be overstated.

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