CNBC’s Jim Cramer highlights the regional bank space, talking with First Horizon CEO Bryan Jordan.
In a Thursday interview with CNBC's Jim Cramer, First Horizon CEO Bryan Jordan said his hopes for interest rate cuts in 2025 are fairly tempered.
"We use three cuts in 2025...I'm a little more cautious than that," Jordan said."If the economy holds up, you see job growth remain strong, you see inflation, which is still running a bit higher than the Fed would like, I think you'll see rates stay in this area.""We use three cuts in 2025...I'm a little more cautious than that," Jordan said.
First Horizon is a regional bank doing business primarily in the south. According to Jordan, that area is poised to perform better than the economy as a whole, adding that he's encouraged by demographic trends he's seen. "The southern footprint that we represent is going to show phenomenal outperformance vis-à-vis the U.S. economy over the next several years," Jordan said."I think from a policy perspective, whether it's around taxation, right to work and the ability to, to grow businesses, you will continue to see businesses relocating to the southern footprint."
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