Join Investment IQ for free today
Sign up for free and get access to thousands of financial insights and articles curated by our expert team
Benefits:
- Signup once to gain access
- Completely free membership
- Carefully curated content
- Browse thousands of articles
- Search content easily
- Friction-free access
Crisis, what crisis?
- Investment Management
-
Visit
- 23.03.23
-
The Federal Reserve (Fed) raised the key Fed funds rate at its latest meeting by 25 basis points (bps) to 5% on its upper bound. The move comes after a tumultuous week in which rate expectations for the meeting moved from a 50 bps hike after chair Powell’s Congressional testimony, to only a 50/50 chance of a quarter point. There had been speculation the Fed would pause or even cut rates in response to the failure of Silicon Valley Bank and Signature Bank. In his press conference chair Powell highlighted the actions taken by the Fed, the Treasury and Federal Deposit Insurance Corporation (FDIC)...