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An Extended Breakdown of the Fed and Banks (Podcast)

Bloomberg Intelligence

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The Fed's Stoppage of the Financial System

The Fed doesn't seem very concerned about the financial system. They're looking at the inflation rate and so that's why they think the course is still steady. The risk is that that comes back to bite them. In terms of earnings, we're about 80% through, I guess the S&P 500 reporting. And the good news is there was some revenue growth close to 4%, but the earnings were a negative 3%.

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