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- Wall Street's head honchos are wary of economic threats like inflation, recession, and war.
- JPMorgan's Jamie Dimon, Goldman's David Solomon, and Citi's Jane Fraser warned against complacency.
- BlackRock's Larry Fink and Blackstone's Steve Schwarzman flagged fear and uncertainty in markets.
The bosses of Wall Street's biggest firms struck a cautious tone on the US economy during their first-quarter earnings calls, transcripts provided by AlphaSense show.
They suggested inflation and interest rates could drop, and the economy might keep growing and skirt a recession. But they also warned that stubborn price increases, persistently high borrowing costs, a painful downturn, and overseas conflicts are threats that shouldn't be ignored.
Here are the latest warnings from eight financial titans, lightly edited and condensed for clarity: