
Surveillance: Peak Yields with Rajappa
Bloomberg Surveillance
00:00
The Slow Burn of the Economy
Banks are pulling back in the lending, which is why they don't need to borrow as much. And we also saw the 10th straight week of deposit outflows. I think you see that drain on the banking system continue. That's going to affect lending. So this is just a slow burn, and it's going to be a big headwind for the economy.
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