SxHx News
•68% Informative
The FOMC voted to increase the target range for the Federal Funds Rate 25-50 bps in its meetings yesterday and today.
They could have started Quantitative Tightening about 9 months ago when inflation was peaking at 9.1%.
Some are saying, incorrectly, that the direct cause is Trump’s rollback of Dodd-Frank.
There’s may be no single answer’, to why there was a run on this bank but there’s definitely a simple one. The bank run at SVB was not only due to a rising interest rate, but social media as well. Could have even been a way for a smaller firm to gain ownership with ease. Throw insider trading in the mix and this is either the beginning of a terrible economic chain reaction or it’s just the first ever meme-driven bank collapse..
VR Score
59
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