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Home>Coins dealers headline>Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system

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Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system

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USA Gold

Published : March 15th, 2023

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Category : Coins dealers headline


	Reuters/Scott Murdoch and Carolina Mandl/3-13-2023 “U.S. regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some experts warn that the move has encouraged bad investor behaviour.” USAGOLD note: There was already considerable moral hazard built into banking philosophy. Sunday’s rescue package – especially the Fed’s taking in the banks’ underwater bond positions at par instead of market – will solidify it for a long time to come.

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