THE Federal Reserve on Wednesd

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Leeverp001
2023-03-23

THE Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two US banks.

Fed Chairman Jerome Powell sought to reassure investors about the soundness of the banking system, saying that the management of Silicon Valley Bank “failed badly”, but that the bank’s collapse did not indicate wider weaknesses in the banking system.

“These are not weaknesses that are running broadly through the banking system,” he said, adding that the takeover of Credit Suisse seemed to have been a positive outcome.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Lazymum
·2023-03-23
Thanks for sharing
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Danny330
·2023-03-23
好的
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franklinchin
·2023-03-23
yes
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Fiona888
·2023-03-23
k
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RK0948
·2023-03-23
Good
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Suzan874
·2023-03-23
Ok
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Tijerome
·2023-03-23
Great
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YMCheah
·2023-03-23
ok
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TAN PS
·2023-03-23
ok
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Carolq
·2023-03-23
Volatile
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IZTan
·2023-03-23
ok
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ErlinEL
·2023-03-23
Omg
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TigerHulk
·2023-03-23
Ok
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TigerMum
·2023-03-23
👌
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AK1228
·2023-03-23
Ok
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lhc12000
·2023-03-23
ok
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MoneyCub
·2023-03-23
Ok
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Alfano
·2023-03-23
K
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FTGR
·2023-03-23
k
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LohYK
·2023-03-23
hope so
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