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Were looking at whats happening among the banks and asking is there going to be some tightening in credit conditions? If we didnt have this banking crisis, then this would have been a more hawkish result. How much will depend on how successful they are at ring fencing and limiting spread from the current situation? The Fed doesnt want to look as if its doing a U-turn quite yet. With inflation still running as hard as it is, the risk of a hard landing is higher now because the Fed isnt going to really know whats the appropriate policy to do. This is Bloomberg Surveillance with Tom Keene, Jonathan Ferro and Lisa Abramowicz. Split screens. Chaos in Washington, D.C.. Well, sir, that was yesterday. Live from New York City this morning. Good morning. Good morning for our audience worldwide. This is Bloomberg Surveillance equity futures nicely positive upper half of 1 percent on the SP 500. Lisa, this market got into a difficult moment at one point yesterday afternoon, but it wasnt a
