Yesterday’s ¼-point rate hike by the Federal Reserve was expected, although there’s debate about whether another round of policy tightening is wise in the wake of recent bank turmoil following the collapse of Silicon Valley Bank (SVB).
Daily Archives: March 23, 2023
Macro Briefing: 23 March 2023
* Treasury Sec. Yellen: blanket guarantee to all bank deposits not being discussed
* Fed’s Powell says SVB collapse was “outlier” and banking system is “sound”
* Bank stocks fall after comments from Federal Reserve and US Treasury
* Bank turmoil complicates debt-ceiling talks in Washington
* Fed oversight bill backed by Sens. Rick Scott (R) and Elizabeth Warren (D)
* Macro hedge funds hit hard by recent bank turmoil
* Investment firms buying land in US West for water rights
* SEC set to bring lawsuit against Coinbase, a leading crypto firm
* Federal Reserve raises interest rates despite bank turmoil:
