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It's been six weeks since the collapse of Silicon Valley Bank. Since then, the markets have gone from panicking to coming around to the Fed’s view.

Jitters about a systemic banking crisis have begun to ease as recent data has shown less reliance on emergency lending facilities set up in the wake of March’s banking turmoil.

The closing of the week, also marked the closing of the month and the quarter. It was a quarter marked by transition.

Last week monitored the fallout of the banking system crisis and the Fed followed through with an anticipated 25 basis point hike.