Surveillance: JPMorgan To Acquire First Republic
Bloomberg Surveillance
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The Fed's Next Rate Hike?
We're kind of hoping this is the last rate hike, but it tells you a lot about this Fed that they hiked in March when we had banking sector problems. One thing that we've seen is that the credit spreads really haven't blown out in the way that you would anticipate given what's gone on in the market. So we do think that there's some risk of widening where I think the bank loan sector certainly is vulnerable private credit.
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