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The Fed and the banking risks
The Fed meets tomorrow, and today the banking situation is getting more and more tenuous. Over the weekend First Republic Bank went under. There was no way to slow the deposits from exiting. Today, the S&P regional bank ETF is down -7.14%. Yields are sharply lower. The Fed Funds contract for January of next year is implying 4.40% which is down from 4.6% yesterday. Gold is a beneficiary up $34 or 1.72%. Bitcoin is steady (so far)The Fed is expected to raise rates by 25 basis points, and that has...
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Posted: May 2 2023, 17:58
Author Name: forexlive
Views: 110595