Efforts by regulators and policymakers globally to stem banking sector turmoil have helped steam a rout in equity markets but the mood remain fragile.The spotlight was firmly on the Fed, which concludes a two-day meeting later on Wednesday.
"So far the banking issues are more idiosyncratic than systemic, and a system breakdown has become far less likely in the wake of the extraordinary deposit support announced by the Fed in the wake of the Silicon Valley Bank collapse," said Padhraic Garvey, regional head of research, Americas at ING. Having even priced in the risk of a rate cut last week, futures now imply an 86% chance of a quarter-point rise to 4.75%-5.0%. A couple of weeks ago the market had been wagering on a half-point hike.
"It's almost as if we’re seeing Powell flipflop a bit between that slightly less hawkish FOMC meeting in January/February and then his more hawkish appearance before the Senate," said Fiona Cincotta, market strategist at Citi Index.
Powell your awful at your job , you have turned our economy into Russia you should be fired , the only way you will get rid of inflation stupid is through anti trust legislation an with Maga stupid no chance
45 bps
Global pandemic, largest land war since ww3, energy crisis, slow decoupling from China & now a banking crisis didn't crash/cripple the markets. Bears 'IT'S COMING'. Okay!!! TO TOP IT OFF WE WILL WAIT UNTIL ALL THE BULLS LOSE THEIR MONEY AND THEY CANT EVEN BUY THE DIP ANYMORE!!!!!
50 bps
It’s about to rip
Investors are on edge uncertainty
Far too late and never close to enough. He will fail again and the bubble gets bigger and Main Street loses again
Inflation just increased 1% this month.
50 bps
Will get to see a interest hike of .25bps