In this episode of The Portfolio Fix, Leah Savageau explains why the banking sector is likely to face higher wholesale funding costs following the acute liquidity deterioration in March. She goes on to describe why her primary concern has shifted from liquidity to banks’ lending books. Marco Bravo also interprets the recent inflation data points and how markets are reacting. This episode was recorded on April 13, 2023.

Sources: Bureau of Labor Statistics, The Federal Reserve, Federal Deposit Insurance Corp.

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