Why I think the FED will continue to raise rates in the next FOMC meeting despite the banking crisis
@upupahcai:
FED determination The FED has been vocal about its commitment to bringing down inflation and achieving price stability. As a result, it has raised interest rates aggressively, and signs of inflation finally seem to be coming down. What we did not expect is the recent bank failures 2nd and 3rd largest bank failure in US history The recent 2nd and 3rd largest bank failure in US history has taken many by surprise. The banks were unable to loan out money as quickly as depositors wanted to deposit their funds to take advantage of the current high interest rates in their savings accounts. As a result, the banks decided to purchase treasuries and earn an income to continue operations, but as interest rates continue to rise the price of these securitie