"Whenever the Fed has raised interest rates as they have, something usually tips or fails," he said.earlier this year — like those of Silicon Valley Bank and Signature Bank — the U.S. economy hasn't seen"anything really break," Glassman said.
"We have seen some bank failures and maybe that was it," he added."I'm not so convinced that that's the only downside or devastating impact of much higher interest rates that we've seen."in October — after a pause of more than three years — will also stress households, Glassman said.$1.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
The Federal Reserve holds interest rates steady but hints at more action this yearThe Federal Reserve left interest rates unchanged Wednesday, despite stubborn inflation, although it left the door open to an additional rate hike in November or December.
Source: KPBSnews - 🏆 240. / 63 Read more »
Bitcoin, Crypto Prices Little Changed as Federal Reserve Holds Interest Rates SteadyThe pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank's next policy meeting in November.
Source: CoinDesk - 🏆 291. / 63 Read more »
Analysts react to Federal Reserve leaving interest rates unchangedThe Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with a further rate increase projected by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected.
Source: Reuters - 🏆 2. / 97 Read more »
Federal Reserve holds interest rates steadyThe Federal Reserve opted not to raise interest rates Wednesday, despite the recent uptick in the inflation rate. CBS News business analyst Jill Schlesinger and CBS News senior White House and political correspondent Ed O'Keefe join Lilia Luciano and Lana Zak to discuss the central bank's decision.
Source: CBSNews - 🏆 87. / 68 Read more »
US Federal Reserve keeps interest rates unchanged, Bitcoin price floats above $27,000Earlier this year, Federal Reserve Chair Jerome Powell stated that the country would likely only see two more rate hikes until the end of 2023. The la
Source: FXStreetNews - 🏆 14. / 72 Read more »