U.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors wagered future hikes in U.S rates would now be less aggressive.
Such was the concern about financial stability, that investors speculated the Fed would now be reluctant to rock the boat by hiking interest rates by a super-sized 50 basis points this month.
The peak for rates came all the way back to 5.14%, from 5.69%, last Wednesday, and markets were even pricing in rate cuts by the end of the year. Still, much will depend on what U.S. consumer price figures reveal on Tuesday, with an obvious risk that a high reading will pile pressure on the Fed to hike aggressively even with the financial system under strain.
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.
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Read more »
Silicon Valley Bank crisis will force Fed to cut rates by 100 basis pointsThe Silicon Valley Bank crisis will force the Fed to slash rates by 100 basis points to prevent contagion, market guru says
Read more »
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: SourceU.S. lawmakers met with federal regulators late Friday to discuss the collapse of SVB_Financial hours after regulators took it over, according to a person familiar with the matter. nikhileshde reports
Read more »
US lawmakers met Fed, FDIC to discuss Silicon Valley Bank's collapse - Coindesk By Reuters*U.S. LAWMAKERS MET FED, FDIC ON FRIDAY TO DISCUSS SILICON VALLEY BANK'S COLLAPSE - 🇺🇸🇺🇸
Read more »
US lawmakers met Fed, FDIC to discuss Silicon Valley Bank's collapse - CoindeskU.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group , Coindesk reported on Saturday citing a source.
Read more »
Silicon Valley Bank collapse: Mark Cuban says Fed should 'immediately' take this actionMark Cuban raised questions about how regulators had allowed Silicon Valley Bank to end up in such a vulnerable position, and demanded that the Federal Reserve take immediate action.
Read more »