Billionaire David Rubenstein says the Fed will keep hiking in March to show it's still fighting inflation despite SVB collapse
Silicon Valley Bank's collapse triggered expectations the Federal Reserve next week will pause its run of interest rate hikes, but David Rubenstein sees policymakers forging ahead with another increase.
For the March 21-22 meeting, the"big decision that has to be made by the Federal Reserve is do they increase interest rates by 50 basis points, 25 basis points, or no basis points?" he told Bloomberg TV on Wednesday. A pause in rate hikes would make people think the Fed has lost their interest in fighting inflation, the co-founder of private equity firm Carlyle Group said.
But an increase of 50 basis points might be too much for some of the banking companies right now, he added.Markets swiftly started to
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Carl Icahn on SVB, stocks, inflation, Fed, interest rates, bad bossesLegendary investor Carl Icahn warns of more SVB-style fiascos, sounds the inflation alarm, and predicts stocks will tumble
Read more »
EUR/USD seeks cushion around 1.0700 as Fed to avoid bigger rate hikes amid SVB collapseThe EUR/USD pair is gauging a cushion near the round-level support of 1.0700 in the Asian session. The major currency pair has corrected from 1.0740 a
Read more »
SVB collapse: Markets start pricing in Fed rate cuts of 75 basis pointsMarkets have started pricing in Fed rate cuts of 75 basis points by the year's end as SVB's collapse creates panic about other banks
Read more »
Factbox: SVB collapse may prompt Fed to go slow on rate hikesTraders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next week as the surprise collapse of lender Silicon Valley Bank rattles the financial system.
Read more »
Ex-Ripple Advisor Appointed by Fed to Watch Over Failed Silicon Valley Bank (SVB)Ex-Ripple official to head Silicon Valley Bank's supervision by Federal Reserve ripple xrp ripplesec xrpsec xrpthestandard siliconvalleybank svb fed bankcrash $xrp $svb
Read more »
Fed’s Tightening Plans Collide With SVB FalloutHeard on the Street: The Silicon Valley Bank and Signature Bank failures could put the Fed’s rate increases on hold, even as economic data suggest it has more work to do
Read more »