First Republic failed this week. Did that mean Powell and the Fed would pause their hikes? Absolutely not. NLW covers the "Hawkish Pause" press conference and the 25 bps interest rate raise. 

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“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.