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SVB Fallout Continues & Walgreens Abortion Pill Backlash | 3.15.23
Morning Wire
The Federal Reserve's Response to Inflation Could Be the Worst Thing
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The Labor Department announced that inflation last month was still up at 6%. That is slightly down from 6.4% in the month before, but it's well above the target goal of 2%. In light of recent systemic risks in the commercial banking sector, the prudent approach would be for the Fed to not hike next week. LaVornia said there's a good chance the Fed holds rates steady this month, but they'll likely resume raising them in May when they meet again.
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