Surveillance: Basak on Gorman Resigning
Bloomberg Surveillance
00:00
The Fed's Inversion Call
If the Fed does raise rates one more time, is that enough to break the backs of some of these regional banks? It's very hard for banks to compete with deposits when money market funds are giving you 5%, 5.25. The more the Fed raises rates, the more they'll have to cut because I have to think they take rates to, you know, restrictive territory and keep it there until things slow down.
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