FAMOUS US BANKD SHOWS PROFIT …okay

So in NEW YORK -Major U.S. banks said on Friday higher interest rates boosted profits, sending shares sharply up, even though they said the economy was slowing and saw signs of some caution in consumer behavior.

The Federal Reserve's aggressive monetary policy has made it harder for consumers and businesses to take on loans and repay debt while the tightening is prompting banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley Bank collapsed.

Citigroup (NYSE:C) CEO Jane Fraser said she was seeing a continued deceleration in spending, indicating "an increasingly cautious consumer." $

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