JP Morgan kicked off Q1 ’23 earnings season with a record beat. The US’ largest bank by assets saw strong deposit inflows as it raised its guidance for net interest income. The question is how will regional banks report? It’s likely to be a different story. Meanwhile we had a host of important economic data this week – showing inflation is cooling (albeit very slowly) and the economy is stalling. But there was little which will stop the Fed raising rates by 25 bps May 2nd…
"Quantitative Easing"
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