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CATEGORY: bank bailout

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 14, 2023 05:50

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System

Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced measures to rescue depositors of failed Silicon Valley Bank and [...]

The post Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System appeared first on Crypto Breaking News.

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US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 12, 2023 10:30

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government Not Considering a Bailout for SVB, [...]

The post US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank appeared first on Crypto Breaking News.

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Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 18, 2023 10:30

Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal [...]

The post Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos appeared first on Crypto Breaking News.

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