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More isolated than systemic. but clearly he is trying to make sure the public understands that their deposits in the bank are safe because matt eagan live from the federal reserve markets appearing to seesaw so far after the news. we'll see where they are at four o'clock, matt, thank you so much. meantime over on capitol hill negotiations between house republicans and the white house over the debt ceiling or at a standstill. house republican members have yet to produce a budget outlining their proposed cuts. cnn's manu raju is live from capitol hill and manu. now that we've had this banking in...
These goals. if you see another rate hike today, i mean, knowing that rates are pretty high in banks know that and some of them are experiencing some liquidity , challenges or tightening because of that, do you think that banks will spook on a rate hike? i think if we see a rate hike of a quarter of a percent, it's priced in. we're expecting it. i think anything more aggressive than that. would certainly create a negative reaction in the markets because i think at that point, the concern grows that they might be over doing it right. i mean, the tightening that we're seeing with some of these b...
Have a chance of the instable banking instability, and you have its own would essentially look or 225 of a spent. we don't know sbagt, and we don't know what the other side of thisks like, but even if we don't, you have to consider the small and medium-sized banks are in a position to be unsure of what the deposits look like. and so there may be another deposit run, and holding on to the liquidity or protecting cash, and that means less cash and funding for loan, car loerngs business loan, and ent, to -- and it does not make sense
We do want to begin with your money. banking concerns across the nation, we have priscilla alvarez, lauren fox and christine romans. christine, there is new inflation data out this morning, basically in line with expectations. for once that's a good thing. >> yeah, look, 6% inflation is hot, it's uncomfortable, but it is eight months in a row of slightly less than the month before. so you're paying more for just about everything, but those price increases are cooling and i think that's important here. when you look at the trend is your friend, jim, as i always say, you can see that line chart ...