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'Bite of these higher rates is gaining traction almost every day,' KBW CEO Thomas Michaud warns

Thu Jun 15 , 2023
A major financial services CEO warns the economy hasn’t fully absorbed higher interest rates yet. Thomas Michaud, who runs Stifel company KBW, notes there’s a delayed reaction in the marketplace — calling a 25 basis point hike at 5% a very different situation than off a half percent. related investing […]

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