Fed May Raise Rates as Soon as Next Summer, PIMCO Says

The video discusses the long-term growth potential of China's economy, focusing on consumer wealth and the property sector. It highlights the surprising strength of the US consumer despite inflation, driven by excess savings and wage growth. The banking sector benefits from economic reopening and fiscal support, with rising interest rates offering further advantages. Credit markets remain resilient, but inflation risks may prompt the Fed to adjust policies, leading to reduced credit exposure.

In what ways have banks benefited from the economic recovery and rising interest rates?

What are the implications of elevated inflation on the Federal Reserve's monetary policy?