Fed rate hike campaign in question as bank stocks swoon

And understandably so, as investors sought to make sense of fast-moving events including Friday's failure of Silicon Valley Bank, the creation over the weekend of an emergency Fed backstop for the banking sector, fresh data showing slow progress in the inflation fight, and a renewed banking stock swoon on Wednesday.

A pause, he argued, risks undoing the work of the Fed's 4.5 percentage points of rate hikes since last March. "They’d also risk sending a signal to the market that the macroeconomic impact of these microeconomic phenomena is worse than we think," he said."Financial crises create demand destruction," Rosengren said on Twitter. "Banks reduce credit availability, consumers hold off large purchases, businesses defer spending.

"It's conceivable that we've seen the peak in market interest rates this cycle," said John Lynch, chief investment officer for Comerica Wealth Management.

Average citizen doesn't own 'bonds' in their portfolio worth millions/billions. The risk takers took their risk its their problem IMO. Central banks should continue to raise int rate as they see fit

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inflation cooled to 6% in February as the Federal Reserve weighs next steps on interest ratesPrices rose 0.4% last month from January, slightly lower than the prior monthly increase, as investors assess how the Fed may respond to the twin challenges of inflation and unrest in the banking sector when it meets next week. Remember when the dems said it was transitory and didn’t take it serious at the beginning? Life is a disaster under this horrible administration I thought iinflation was at a all time low according to your demented pedo Joe.
Source: NBCNews - 🏆 10. / 86 Read more »