Market crashed after statement release. 

 

 

KEY POINTS

• Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released Wednesday.
• Federal Reserve staff gave FOMC members a presentation about potential repercussions from the failure of Silicon Valley Bank and other tumult in the financial sector that began in early March.
• Though Vice Chair for Supervision Michael Barr said the banking sector “is sound and resilient,” staff economists said the economy will take a hit.

 

https://www.cnbc.com/2023/04/12/fed-expects-banking-crisis-to-cause-a-recession-this-year-minutes-show.html

https://www.forbes.com/sites/dereksaul/2023/04/12/fed-officials-now-expect-us-will-enter-mild-recession-this-year-after-banking-crisis-rattles-markets/

 

 

 

Mild recession expected to start later this year and possibility of 'hard landing'.   

Banking crisis out of syllabus la vacchindi. First ninchi focus was just on Inflation.

2 minutes ago, *Prince Charming said:

Banking crisis out of syllabus la vacchindi. First ninchi focus was just on Inflation.

Keep on printing, how do they expect that nothing will happen. 

Just now, JaiBalayyaaa said:

Keep on printing, how do they expect that nothing will happen. 

1 minute ago, JaiBalayyaaa said:

Keep on printing, how do they expect that nothing will happen. 

already budgeting cuts tooo much acvutunayi bro q2 planning kuda sarigga cheyadam ledu  job market is alos getting crazy

9 minutes ago, JaiBalayyaaa said:

Keep on printing, how do they expect that nothing will happen. 

Press zeros in computer get money out 

9 minutes ago, csrcsr said:

already budgeting cuts tooo much acvutunayi bro q2 planning kuda sarigga cheyadam ledu  job market is alos getting crazy

Job market @Anta Assamey

stop planning for bigger purchases…like houses and tesla…wait for few months…

1 minute ago, dasari4kntr said:

stop planning for bigger purchases…like houses and tesla…wait for few months…

tell this to ladies uncle... pressure akkadinunche ga 

2 minutes ago, dasari4kntr said:

stop planning for bigger purchases…like houses and tesla…wait for few months…

What about people already bought homes and waiting to move in ??

2 minutes ago, *Prince Charming said:

What about people already bought homes and waiting to move in ??

have some backup reserves…

7 minutes ago, yemdoing said:

tell this to ladies uncle... pressure akkadinunche ga 

 

0:00 - 3:00 This is literally what happens in most showoff wannabe uncles homes..... No first nights without Tesla Model Y and min 3500 sqft East facing homes