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Monday, October 2, 2023

Recession fears hang over market insisting on rate cuts as Fed loan survey looms

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Parts of the U.S. financial markets are bracing for a hard landing for the U.S. economy, as investors await insights into credit conditions from the Federal Reserve’s upcoming loan officer survey due this week.

The Fed’s aggressive interest rate hikes over the past year to tame high inflation has led to recent regional-banking trouble that began in March, with concerns still swirling around the industry after the failure of Silicon Valley, Signature Bank and First Republic Bank. 



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