A look at the day ahead in U.S. and global markets from Mike Dolan
But the implications of this sudden bout of financial instability - and its potential economic and policy fallout - were most clearly seen in the interest rate and bond markets.
More striking is the fact that those same markets now suspect the whole Fed tightening cycle may be over, pricing peak rates at just 4.71% - below the upper band of the current target range of 4.50-4.75% and almost a percentage point below 'terminal rate' assumptions only last week. Although it's regained some ground today, the dollar has weakened against the euro, pound and yen this week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: Bank on some bumpsExpect banking-sector risks and a critical week of macro data to drive early trading in Asia.
Read more »
Morning Bid: Bank rescue leaves Fed in a rate bindA look at the day ahead in European and global markets from Wayne Cole
Read more »
Biden admin guarantees Silicon Valley Bank deposits, shutters N.Y. bank in bid to head off crisisThe Biden administration said it would guarantee all deposits at the now-shuttered Silicon Valley Bank but insisted the move was not a taxpayer-funded bailout, while regulators closed a second institution, New York City’s Signature Bank, amid fears of an unfolding economic crisis.
Read more »
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
Read more »
Morning Bid: Markets now banking on no more Fed hikesA look at the day ahead in Asian markets from Jamie McGeever.
Read more »
UAE withdraws bid for 2026 World Bank-IMF meetings in favour of QatarThe United Arab Emirates (UAE) has withdrawn its bid to host the 2026 World Bank and International Monetary Fund meeting and will instead support Qatar as a potential host, the office of Qatar's emir and the UAE's state news agency said on Sunday, in the latest sign of warming ties between the Gulf neighbours.
Read more »