and discuss its next rate hike decision. According to McDonald, the central bank remains unlikely to cut this time, but it will happen "very shortly."
"The Street was looking for 50 basis points of rate hikes tomorrow... the beast in the market is taking central bankers in the United States and Europe and slamming them over the beast's meat, so everything the central bankers wanted to do going forward is now highly suspect," McDonald explained. "Rate hikes are going to turn into rate cuts very shortly. And what's happening in Europe is just a follow-on relationship to the U.S.
I agree
The bank fiasco has been known and planned for a while. More banks will fail. The endgame is a cashless society. Resist digital currency with all you’re worth. Why? The government can track you, hunt you and cut you off! The ultimate control!
Not sure that will happen
Doubt it 😕
.look into MMTLP bigger then FTX, SVB, CreditSuisse & MADOFF
Please look into MMTLP bigger then Credit_Suisse FTXscandal SVB Madoff
100% rate hike by fed next week
Highly unlikely. They'll raise it another .25 or .50 because the desired level of damage has not yet been achieved.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market strategy, outlook: Sell any stock bounces amid SVB falloutSell any rally in the stock market as fallout from Silicon Valley Bank's failure isn't over after government intervention, Morgan Stanley's chief stock strategist says
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »