Carl Riccadonna, Chief Economist, US Yelena Shulyatyeva, Senior Economist, US Andrew Schneider, Senior Economist, US BNP Paribas | Global Markets (Recorded 27 June 2023)  Analysts looking for an easing of lending conditions in the 2nd quarter may be in for a surprise based on the latest banking conditions survey from the 11th Fed district. Ongoing financial sector stress poses a brisk head wind to economic activity and may very well factor into monetary policymakers’ assessment of the appropriate fed funds terminal rate.  For more information, please refer to : https://bnpp.lk/EyODgb  For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf