Fed: Policy of ultra-fast rate hikes seems to have failed, USD under pressure – Commerzbank Fed DollarIndex InterestRate UnitedStates Banks
“At the end of last week, a medium-sized Californian bank had to close after the losses that in the end were at least to some extent down to rising interest rates and yields, caused a bank-run. On Sunday a smaller bank in New York also went under.”
“You can look at it this way: the fact that these banks failed is the result of rapidly rising interest If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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