Global Financial Market News
Why did Silicon Valley Bank, Signature Bank & Silver Gate US Banks Fail: Fed Bailout Aftermath!
Three large US banks, Silvergate Bank, Signature Bank, and Silicon Valley Bank, recently failed in a startling turn of events, causing considerable alarm and fear in the financial markets. In response to the bankruptcy of these banks, the Federal Reserve has issued a bailout package to prevent further economic turbulence. The stock market was seen…
Read MoreFed Raise Interest Rate: What does it Mean for Gold, Crude Oil, Bitcoin, and Stock Price?
On March 16, Federal Reserve Chairman Jerome Powell announced the long-awaited start of the rate hike cycle. Besides the Fed raise the interest rate by 25 bps, it anticipated a 1.9% rate by the end of 2022 and 2.8% in the year later. Moreover, Fed Chair indicated further rate hikes if necessary. However, the investors’…
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