Morning Note | May 11, 2023
Good Morning!
Markets are lower as concerns around the regional banks persist after PacWest Bancorp filed a 10Q showing that deposits fell by 9.5% last week. Shares of the bank are down 22%.
Producer Prices, PPI, came out and increased just 0.2% in April, slightly below the estimate of +0.3%. The y/y figure was +2.3%, vs +2.4% expected and the lowest l…
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