FOMC march2023 +25bps

Implication of recent banking crisis:

banks will tighten credit >
more stringent loan approvals >
harder to borrow >
less purchases (real estates, retails) >
less biz expansions (biz) >
economic slowdown >
deflation/recession

Real estate is the biggest economic growth factor for most countries (🇲🇾 included),

when housing slows down (as banks closing the water tap /+ investors hold back purchases due to uncertainties),

The effect will trickle all the way down the economic chain >> economic slowdown >> worse, recession.

dats 3-6mths down the road aka 2H2023.

#fomc 🏦
#creditcrunch 📉
#housing 🏚️