Forex and other markets news
14.03.2023, 19:15
SVB backs Fed to stop rising
SVB backs Fed to stop rising
The collapse of Silicon Valley Bank (SVB) will bring the Federal Reserve to an end to its cycle of rapid rate hikes, said Edward Yardini, president of research firm Yardini. than expected
“The SVB crisis will allow the Fed to end rate hikes sooner. and will cause the bond yield to reach the highest point which if the Fed stops raising interest rates and inflation rebounded The Fed can come back to raise interest rates.”
“Although the SVB crisis has not changed our forecasts for the current economic outlook and the direction of the stock market. But this has added to the uncertainty in the market. until the problem is resolved and reduce panic to the US financial system,” Yardini said in the report.
The US Treasury Department confirmed that Citizens depositing funds with SVB will have full access to their deposits. Meanwhile, the US Federal Reserve (Fed) announced the establishment of a "Bank Term Funding Program" to protect other financial institutions. Not to be affected by the bankruptcy of SVB.
'wt:advertising.banner' is not a component