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The past week has seen a number of major banks in the US collapse one after the other. The financial regulators of the state of New York have closed Signature Bank. The crypto bank Silvergate Capital, one of the leading and well-known banks in the sector, announced on Thursday the shutdown of its operations.
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In light of the crisis and the takeover of several banks by the regulator, the markets expect that the Fed will not raise interest rates next week, which brought about today’s increases. This, despite the statement of the bank’s chairman Jerome Powell last week (before the falls in the banking sector) Because the Fed is expected to raise interest rates at a sharper rate than previously expected.