Citigroup CEO says most clients can absorb 10% tariffs
1. Citigroup's CEO believes clients can absorb 10% tariffs. 2. Investment and hiring are on hold due to economic uncertainty.
FAQ
Why Neutral?
While clients may handle tariffs, caution in hiring and investment suggests slower growth, like past tariff impacts.
How important is it?
Potential short-term caution from clients could affect Citigroup's loan growth and service demand.
Why Short Term?
Immediate hesitation in investment and hiring may reflect quickly on market sentiment.