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Moody's Talks - Inside Economics
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The Fed's Aggressive Rate Hikes and the Inversion of the Yield Curve
One concern is that the given the Federal Reserve's very aggressive rate hikes and the inversion of the yield curve that banks are under a lot of pressure. "At this point, as you said, Fed has just underwritten the entire banking system," he says. The worry is that the bank term funding program continues to be used at a very high rate.
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