Is this a good time to pick up bank stock/etf? Is the recent inflation/unemployment data good or bad for banks?

What I gathered from reading up on bank stocks:

• Higher interest rates are good for banks as they benefit from the greater spread between the interest they pay to depositors and the high interest they earn from their own investments (unless you're Bank of America I guess).

• But banks are cyclical stocks and interest rates tend to slow down the economy.

Question:

• If you own a bank ETF what conditions are you rooting for? Higher or lower interest rates?
• Is this a good time to get into a general bank ETF and/or regional bank ETF? They are still down due to the banking crisis, but interest rates remain high (but might start going down next year), top banks have just passed the stress test, and most economists agree even if we go into a recession it will only be a mild one.