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Fed Says Banks Can Handle 'Severe' Recession With 10 Percent Unemployment, 55 Percent Stock Meltdown

America's banks are resilient enough to withstand even a "severe" recession with unemployment soaring to 10 percent, the real estate market melting 40 percent, and stocks sinking 55 percent, the Federal Reserve said.
United States Jerome Powell Roy Peter Clark Tom Ozimek House Financial Services Committee Senate Banking Committee

Nasdaq Futures Tumble As Treasury Yields Suddenly Surge Ahead Of FOMC

by Tyler Durden Wednesday, Mar 17, 2021 - 07:52 AM S&P futures edged lower, European and Asian markets were mostly lower and Treasury yields climbed sharply ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid an overheating recovery that risks stoking inflation, and where all eyes will be the median 2023 dot for a potential hawkish signal that sends yields soaring. At 0715 a.m. ET, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100...
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