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By Staff Reporters
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The 23 biggest banks all passed a stress test that simulated a severe recession, the Federal Reserve said yesterday.
CITE: https://www.r2library.com/Resource
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- Markets: Stocks ended mixed yesterday after Jerome Powell (and other major central bankers around the world) signaled that more interest rate hikes are as inevitable. In fact, Jerome Powell hinted he couldn’t rule out two rate raises in a row.
- Stock spotlight: AI-chip hero Nvidia fell on reports that the US is considering even more restrictions on chip exports to China.
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Filed under: Breaking News, Funding Basics, Insurance Matters, Investing | Tagged: fed, FOMC, inflation, interest rates, Jerome Powell, Nvidia, Powell, stock markets |
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