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Federal Reserve
According to some observers, the latest expansion in the Fed’s balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of 2020.
Banking sector stress strengthens the case for Fed pause next week. Likely beneficiaries from the financial stress are gold and bitcoin, one observer said.
The Fed funds futures show traders pricing in a higher-for-longer interest rates mantra by the Fed.
Silvergate Bank is being hollowed out as its customers retreat following the disclosure that it has to reassess its financials and may not be a “going concern” within a year. The prominent California-based crypto bank’s future gets increasingly murky.
The PCE price index – the Fed’s favored inflation indicator – for January unexpectedly rose to 5.4%