Silicon Valley Bank collapse adds wrinkle to FOMC meeting
The recent bank failures have changed market thinking about the Federal Reserve's next move.
Stay updated with breaking news from Bryce Doty. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The recent bank failures have changed market thinking about the Federal Reserve's next move.
The recent bank failures have changed market thinking about the Federal Reserve's next move.
The U.S. annual inflation rate eased to 6 percent in February, down from 6.4 percent in January, according ...
"Markets were expecting (hoping, praying) to get further confirmation that a peak is in and the decline is at least steady, if not accelerating," said Jan Szilagyi, CEO and co-founder of Toggle AI.
"Investors are acknowledging that the Fed is nearing the end of its rate tightening cycle which is supporting a relief rally in stocks and lower bond yields, said Bryce Doty, senior vice president at Sit Investment Associates.