The Fed's latest semi-annual report on financial risks contains a couple of important updates. First, we get a sense of where the systemic attempt to deal with the downside to the commercial real estate bubble stands. That also feeds into the most recent updates on US banks and the deteriorating credit environment. Plus, we also take a look at why the Fed's report singled-out the stock market and what that means. Eurodollar University's Money & Macro AnalysisFederal Reserve Financial Stability Report April 2024https://www.federalreserve.gov/publications/files/financial-stability-report-20240419.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU