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The Young Investors Podcast
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SAP Downgrades Credit Rating Stations
The Federal Reserve in July lifted its benchmark borrowing rate to 5.25 5.5%. Regional banks are at greater risk because since they have comparatively low regulatory capital, Moody's noted adding that institutions with a higher share of fixed rate assets on the balance sheet are more constrained in terms of profitability and ability to grow capital and continue lending. I don't think I have anything more to add on this story, just them yarning about potentially going into a recession in 2024. But who knows if that will happen that it's just all speculation, speculation, speculation.
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