A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.” Goldman Sachs (NYSE: GS) believes the US Fed would not hike rates as planned due to prevailing macroeconomic circumstances. In a note published Monday morning, the banking giant’s economist David Mericle pointed to the ongoing … Read more
As the Fed intervenes in order to prevent a crisis in the US banking system, analysts answer whether the Fed has chosen to pivot from its quantitative tightening measures. The banking crisis last week in the US pushed Wall Street to the edge giving glimpses of yet another 2008-like financial crisis. However, the Fed and … Read more
The trio of the Federal Reserve, the Treasury Department, and the Federal Deposit Insurance Corporation (FDIC) have been pledging support to depositors. Analysts at American banking giant JPMorgan Chase & Co (NYSE: JPM) believe the Federal Reserve will inject massive liquidity into the banking ecosystem to help cushion the current crisis in the industry. The … Read more
The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors. In the early trading hours on Monday, March 13, the broader cryptocurrency market made a strong comeback surging past $1 trillion levels once again. This surprise rally in the crypto space … Read more
European markets remained flat on Tuesday as all eyes are on Jerome Powell’s imminent congressional statement. European markets are currently flat as investors await the congressional testimony by Federal Reserve Chair Jerome Powell. For instance, the pan-European Stoxx 600 remained flat today as trading began, with most sectors hovering in slightly positive territory. Meanwhile, tech … Read more