Surveillance: March CPI Sets Stage for Fed
Bloomberg Surveillance
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The Banking Crisis in March Accelerated Bank Lending and Monetary Policy
The direction of the banking crisis in March is to contribute towards tighter financial conditions. The issue isn't whether or not banks are tightening credit, but how much did it accelerate those trends? It certainly is accelerated, something we can measure, and that is deposits moving out of banks and into money market funds.
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