Fed's Kashkari: Banking stress brings US closer to recession – by fx_ross Fed DollarIndex CentralBanks
´´Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US closer to recession. It definitely brings us closer," Kashkari said.
"What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. That credit crunch ... would then slow down the economy. This is something we are monitoring very, very closely."The US Dollar rose on Friday as banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been contained.
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.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Analysis-Banking woes, Fed keep investors on edge in nervous U.S. stock market By Reuters*BANKING WOES, FED TO KEEP INVESTORS ON EDGE IN WEEK AHEAD AMID NERVOUS U.S. STOCK MARKET $DIA $SPY $QQQ $VIX 🇺🇸🇺🇸
Les mer »
Bitcoin Gains Traction as Investors Shrug Off Banking, Fed Concerns'I think what we're actually seeing now, for the first time, is a shift into that narrative of bitcoin being that inflation hedge,' InnovatingCap's panthonylg says. He shares his crypto markets analysis:
Les mer »
Fed fueled the banking turmoil and should've known better: Carson BlockThe Fed fueled the banking turmoil and should've seen it coming, says famed short-seller Carson Block
Les mer »
Wall Street ends volatile week higher as Fed officials ease bank fears By Reuters*WALL STREET ENDS VOLATILE WEEK HIGHER AS FED OFFICIALS EASE BANK FEARS $DIA $SPY $QQQ 🇺🇸🇺🇸
Les mer »
Analysis: Banking woes, Fed keep U.S. market investors on edgeInvestors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve’s tightening will ripple through the economy.
Les mer »
Banking failures put Fed under yet another harsh political spotlightThe central bank was already under pressure to control inflation, protect the job market, avoid a recession and prevent a repeat of multiple stock-trading scandals.
Les mer »