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A recession could come sooner on cooling bank lending - TL;DR CNBC

A recession could come sooner on cooling bank lending

Publishing timestamp: 2023-03-15 21:56:05


Summary

Rapid moves in markets after regional bank failures in the US have some strategists now expecting a contraction in the economy to come sooner. Plummeting bond yields, steep drops in oil and stock prices, and sharp jumps in volatility are all signaling that investors fear a recession is now on the near horizon. Economists are also ratcheting down their growth forecasts on the assumption there will be a pullback in bank lending. The recent downticks in CPI and PPI readings, as well as retrenchment of last month's retail sales, added confidence that the Fed will soften its rigid tightening stance. However, nothing is clear or certain, and the March 22 FOMC statement and press conference is just a week away, but it will probably feel like an eternity.


Sentiment: NEGATIVE

Tickers: @CL.1CSG.N-CH.VIXSIVBSBNYFRCCSUS2YPACW

Keywords: svb financial groupbusiness newspacwest bancorpstock marketsunited statesu.s. 2 year treasurybanksbondsinvestment strategymarket insidersignature bankcredit suisse group agfirst republic bankeconomic eventseconomymarketscboe volatility indexinterest rates

Source: https://www.cnbc.com/2023/03/15/a-recession-could-come-sooner-on-cooling-bank-lending-.html


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