In an attempt to avert a similar crisis down the line, the Federal Reserve is alsoAdding to the Fed's conundrum, U.S.out on Tuesday showed few signs of easing in persistent price pressures within the world's largest economy, putting the bank in a bind on how much further it should take rates to stem inflation without triggering a financial sector shakeout.
"A mixed set of signals leave the Fed more cautious about its next steps and focused on limiting financial contagion," said Lombard Odier's chief investment officer Stéphane Monier. "A year after starting to raise interest rates, the Federal Reserve is still chasing evidence that higher borrowing costs are slowing the U.S. economy."
In Asia, Vietnam's central bank made a surprise move by cutting several policy rates on Tuesday, in an attempt to increase liquidity and support economic growth amid the global turmoil caused by SVB's collapse.
You mean the bullshit of pretending to regulate.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Stock market news today: Investors digest Silicon Valley Bank collapseUS stocks fall as investors brace for further impacts of Silicon Valley Bank's collapse Nothing to worry about if you invest in quality companies
Source: BusinessInsider - 🏆 729. / 51 Read more »