Snaps #7: What a week!?
On Fed’s raising interest rates again, complicated earnings season, and materializing commercial real estate debt crisis.
Powell Hits Again
This was all expected and Fed had nothing else to do. There are many investors calling for pauses just because they saw one month of faster than expected cooling in inflation and answering those calls positively would remove the restricting effect of high rates on credits because now what keeps credit supply under control is the so call…