Description

Carl Riccadonna, Chief Economist, US

Yelena Shulyatyeva, Senior Economist, US

Andrew Schneider, Senior Economist, US

BNP Paribas | Global Markets (Recorded 27 June 2023) 

• Analysts looking for an easing of lending conditions in the 2nd quarter may be in for a surprise based on the latest banking conditions survey from the 11th Fed district.
• Ongoing financial sector stress poses a brisk head wind to economic activity and may very well factor into monetary policymakers’ assessment of the appropriate fed funds terminal rate. 

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