Peter Earl: Silicon Valley Bank collapse was a rare confluence of factors. He says the Fed is probably near the end of its hiking cycle, so I don't think we're going to see many more problems of this sort. But every time something like this happens, we paved the way to more expectations for the government to rescue firms and individuals from their own mistakes, he adds.
In this episode of Morning Wire, we break down the Federal Reserve’s decision to hike the funds rate, the causes of the current banking crisis and what it all means to the American consumer. Get the facts first on Morning Wire.
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