By Merrill Lynch Macro Strategy—Deep Credit Restraint Likely In The Pipeline: Rapid-fire Federal Reserve (Fed) interest rate hikes over the past year quickly brought housing activity to its knees, as it’s typically the first sector to feel the effects of tightening monetary policy. The economy tends to experience a broader effect with a delay, and as the recent banking…
Merrill Lynch: Credit Restraint And Grinding Macro-Market Outlook
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