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An Extended Breakdown of the Fed and Banks (Podcast)

Bloomberg Intelligence

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The ECB's 25B Basis Point Rise

Dr. Portis says the ECB's 25B basis point rate rise was a hawkish move. He believes rates will peak at four, four percent by autumn. But he thinks they should have paused as there is a credit crunch developing for small and medium-sized enterprises. And consumers too, absolutely: "It's going to be very tough with consumers"

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