The Fed just brought in its final interest-rate hike, billionaire bond investor Jeff Gundlach says
Wednesday at the conclusion of its May meeting.
In its communique this week, the central bank scrapped its previous guidance that"some additional policy firming may be appropriate" to tame inflation – and its chair Jerome Powell called the change in language"meaningful" at a post-decision press conference. Silicon Valley Bank collapsed in March after the Fed's aggressive rate hikes led to massive losses on its bond portfolio – and customers have responded to its failure by yanking their deposits from other similar-sized lenders.
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.
Banking crisis will only end once the Fed slashes rates: Jeff GundlachThe banking crisis will only end once the Fed starts slashing interest rates, Jeff Gundlach warns
Read more »
Regional banking crisis won't end unless the Fed cuts interest rates, Jeffrey Gundlach saysDoubleLine Capital chief says the Fed needs to cut interest rates to properly address the regional banking crisis, and that future hikes are unlikely.
Read more »
Fed playbook: Which stocks to buy or sell depending on what the Fed doesCNBC Pro screened for names screened that are the most sensitive to interest rates by looking at the 100-day correlation between each S&P 500 stock and SHY ETF.
Read more »
Fed's Powell: don't assume Fed can shield U.S. economy from debt limit defaultThe U.S. Federal Reserve is unlikely to be able to protect the U.S. economy from the damage caused by a failure to raise the federal debt ceiling, Fed Chair Jerome Powell said on Wednesday, adding that the government should never be in a position where it is unable to pay all of its bills.
Read more »
Powell Speech Preview: Fed chairman to give clues on future monetary policyJerome Powell, Chairman of the Federal Reserve System (Fed), will speak in a press conference on Wednesday at 18:30 GMT, 30 minutes after the Fed Inte
Read more »
This Fed rate increase might be good for mortgage ratesIf investors believe Fed rate increases will succeed in pushing inflation lower, mortgage rates will fall.
Read more »