Powell wake-up call means more corporate defaults: Credit Weekly

Bloomberg/Michael Tobin/6-17-2023

“If these monetary conditions continue for as long as the Fed says, we are going to see a lot of mortality in the corporate sector and this process is only just starting.” – Juan Carlos, Renta 4 Banco

USAGOLD note: The banking sector warns Fed chairman Powell –  a case of being careful what one wishes for.……