All articles tagged with #bank turmoil
The Federal Reserve has raised interest rates by a quarter of a percentage point, despite recent turmoil in the banking sector. The move is a sign of confidence in the US economy, which has been growing steadily and is expected to continue to do so. The decision was made in order to combat inflation, which has been rising steadily in recent months.
The Federal Reserve is facing a crucial decision on interest rates amidst bank turmoil. The decision will have a significant impact on the economy, and the Fed is expected to cut rates by a quarter-point. The move comes as banks struggle with a liquidity crunch, and the Fed is looking to provide support to the financial system.
Investors are pouring cash into US money market funds as they flee bank turmoil caused by the coronavirus pandemic. The funds have seen inflows of $1tn since February, with investors seeking safety and liquidity. The trend has been driven by institutional investors, who have been using the funds to leverage their positions in the market.