Daily News | Home and auto loans are down as inflation depletes savings, but relief is in sight, says Citizens Bank chief
, chief executive of Citizens Financial Group, which runs the biggest bank-branch network in the Philadelphia area, agreed to address The Inquirer’s questions after he met with investors. The interview has been edited for space and clarity.
We see inflation getting down to 3% by the end of the year. Unemployment, maybe 4% to 4.25% . And we are moving to a more normal interest rate environment. Maybe two Fed rate increases early this year and a cut late in the year.
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