The Federal Reserve will likely not raise interest rates at its March meeting as there is still a 'boatload of uncertainty' said Mark Zandi of Moody's Analytics.
The rating agency noted the extraordinary actions taken to shore up impacted banks. But said other institutions with unrealized losses or uninsured depositors could still be at risk.
Still, at the fundamental level, the economist believes the U.S. banking system is in a "pretty good spot." "There are banks that are in trouble, but they're idiosyncratic," he said. They've got tangled up with the problems in the tech sector and the crypto market. Outside of that, the system is well capitalized, highly liquid, with good risk management. "
Despite the reassuring moves, the economist said the Fed should still pause its rate hikes to gauge just how much conditions have tightened, and what the impact is on the broader economy and ultimately inflation.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Clearwater Analytics SVB affiliate that is a client is ‘current’ in its paymentsClearwater Analytics Holdings Inc. said Monday an affiliate of SIVB Financial Group’s Silicon Valley Bank (SVB) is a client, but represented less than 1.5%...
Lire la suite »
Europe's banks unlikely to get hit by bond portfolio losses - Moody'sEuropean banks are unlikely to find themselves compelled to liquidate their bond holdings at a loss like their U.S. peer Silicon Valley Bank (SIVBV.UL), Moody's Investors Service said on Monday.
Lire la suite »
Moody's downgrades Signature Bank to junk, places six U.S. banks under reviewRatings agency Moody's on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into junk territory and placed the ratings of six other U.S. banks under review for a downgrade.
Lire la suite »
Moody's serves downgrade warnings to six regional banks, including First RepublicMoody's late on Monday put six banks on review for possible downgrade as it also said it will withdraw ratings on collapsed Signature Bank.
Lire la suite »
First Republic, regional bank stocks rebound despite Moody’s downgradesMoody’s Investors Service announced that it would scrutinize financial institutions for a potential downgrade of their credit rating.
Lire la suite »
Moody's puts six US banks on watch for potential downgrade | CNN BusinessMoody's Investors Service placed six US banks on review for potential credit rating downgrades late Monday, in the wake of last week's collapse of Silicon Valley Bank.
Lire la suite »