American Express CEO still not seeing a recession after earnings beat

American Express CEO still not seeing a recession after earnings beat

It's still smooth sailing for American Express for the time being.

"We'll see how the Fed does in sort of controlling that [inflation] with interest rate hikes as we go, but right now, I'm not seeing it [a recession]," American Express chairman and CEO Stephen Squeri told Yahoo Finance. "What I'm seeing right now is a sequential increase spending quarter over quarter and month over month, and we're seeing just this pent up demand to travel and people are spending and booking and so forth."

The comments come in the wake of a much better than expected quarter from the card giant.