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JPM a Big Bank Earnings Winner, Boeing Shares Slide, Weak Retail Sales 4/14/23

Squawk on the Street

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The Fed Should Stay at Hand

The banks right now are not going to be the reason why the Fed should stay at hand. The conundrum for First Republic is that they simply made a lot of mortgages at far lower interest rates. And so you're sitting on a portfolio that probably yields 2.6% with rates where they are and their need to pay depositors more.

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