3/20, 1:04 PM (Source: TeleTrader)
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Goldman: Fed to pause rate hikes over banking crisis

Goldman Sachs economists allegedly expect the Federal Reserve to skip increasing its key interest rates this month due to the amount of stress the American banking system is undergoing following the collapse of Silicon Valley Bank.

The cited estimate, reported by CNBC on Thursday, comes as the Federal Reserve readies to announce its latest monetary policy decision on March 22, with markets majorly expecting another 25 basis point hike. However, the latest market downturn has prompted concerns about whether this decision would be appropriate.

Baha Breaking News (BBN) / ND