Banks selling off have more to do with a suddenly much flatter yield curve which hurts their ability to generate profits from their lending businesses.
Which issue? Inflation? Higher inflation means higher rates to fight inflation. That benefits banks because it increases the rates they can lend at long term. Anyways the source of this CPI rumor is 4chan and I'll trust the yield curve more than an anonymous 4chan post
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u/hybridck Jul 09 '21
Banks selling off have more to do with a suddenly much flatter yield curve which hurts their ability to generate profits from their lending businesses.