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

Goldman Sachs No Longer Expects the Fed to Raise Interest Rates in March Due to 'Stress in the 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 […]

Go to Source

Powered by WPeMatico

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

US Treasury Secretary Rules Out Government Bailout of Silicon Valley BankU.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, […]

Go to Source

Powered by WPeMatico