CNN CNN Newsroom June 4, 2024 14:24:00
It was probably a confluence of events, including soaring interest rates. but jim it is critical that they get to the bottom of what happened here. yeah i mean, listen to these. these regulations supposed to catch that kind of stuff were also getting some some consumer confidence data that's on the positive side of the ledger. um, you know, this is a surprise because this consumer confidence survey was being taken during the middle of this banking crisis. the survey date wrapped up march 20th. so that was 10 days after the collapse of silicon valley bank, so economists were expecting consumer ...