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6min chapter
Nick Timiraos: The Fed Doesn't Want Bank Failures In The News
Forward Guidance
Powell's Comments on the Banking Sector Are Remarkable
The market is pricing in more likely a cut than a hike in June. So they still can pause. But as you say, it's pause-y. When the market's not pricing in anything for June right now. And that's unlike the four interest rate markets were in June 2006. Now let's go on to the ongoing banking issues which you cited. Powell began his press conference before he even got took any questions. He said, conditions in the banking sector have broadly improved since early March. We're committing to learning the right lessons and we'll work to prevent events like this from happening again. About two hours after he made those comments, shares of Pacific West Bank Corp were cut
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