Fed Officials Say Sense Of Financial Stability Cleared Path For Rate Hike

Posted on AllSides March 24th, 2023
From The Center
Reuters

Federal Reserve officials on Friday said there was no indication financial stress was worsening as they gathered at a policy meeting this week, a fact that allowed them to stay focused on lowering inflation with another interest rate increase.

In separate appearances, three regional Fed bank presidents said they ultimately concluded that the March 10 collapse of Silicon Valley Bank along with other developments did not undermine confidence in the strength of the U.S. banking system as a whole, with one dismissing the California-based lender's failure as not relevant to...

Read full story

International Business Times

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
115409/88455
See full bias rating for International Business Times
Learn about media bias
https://www.ibtimes.com/fed-officials-say-sense-financial-stability-cleared-path-rate-hike-3680248

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right