Bank Panic And Strong 1Q '23 Economic Growth

Published Friday, March 17, 2023 at: 7:50 PM EDT

Four medium and small sized U.S. banks required Federal regulators to take over management of their operations and assets or shore up their depositor bases since March 7, casting new uncertainties over the investment outlook. The threat to the banking system complicated the Federal Reserve’s aggressive yearlong monetary tightening campaign to choke off inflation without triggering a recession. The confluence of a banking crisis as the Fed’s following eight hikes in the Fed funds rate in the past year has unnerved the stock market and made short-term Treasury bills yields higher than 10-year Treasury bond yields, which is another strong reason...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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