In the Media | James Demmert on MarketWatch

“Some of the news over the weekend cleared the deck of concerns over Credit Suisse falling into an abyss or having to be rescued by the government,” said James Demmert, chief investment officer at Main Street Research, a New York City-based firm with $2 billion in assets under management.

And while upheaval in the banking sector isn’t welcome, it is a sign that the Fed’s year-long tightening of monetary policy is beginning to significantly squeeze financial conditions, which could be an important turning point in the battle to bring down inflation, Demmert told MarketWatch in a phone interview.

Click here to read the full article: Dow rallies more than 300 points, even as bank woes muddle outlook for Fed decision.