Central bankers have created an impossible choice for themselves. They can hike interest rates to bring down inflation, but risk causing a banking crisis. Or they can rescue the banking system, but risk causing an inflation crisis. Which will they choose?
Fed boss J Powell raised rates again this week, despite the backdrop of bank failures and tightening credit. Is this the end of the Fed put?
Never before has tomorrow had so much to work with — so many people with college degrees, so much capital — trillions of it — sloshing around Wall Street, so many inventions, innovations, and technical breakthroughs…and over all of it, a class of elite deciders
Join Money Morning Analyst Kiryll Prakapenka and special guests Greg Canavan and Ryan Dinse as we delve deeper into the implications of the latest market updates, including the Fed’s rate announcement, plus more!
What a week! Another exciting mix of the absurd, the ominous, and the sublimely ridiculous. Most likely, the Fed will publicly announce another rate increase this week…and continue with its inflation agenda, without mentioning it.
ASX rises after US stocks breathe a sigh of relief on further support for the banking sector. IOUpay, Monadelphous and KMD feature with ASX updates.
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