The Federal Reserve has made it clear that a banking sector crisis will not force its hand on interest rate cuts in 2023, according to BlackRock analysts.
Hindsight is obviously 20/20, which is why it’s kind of interesting how much this truth is seemingly lost on the pundit class with regard to Silicon Valley Bank (SVB). Seemingly everyone who comments on matters commercial or economic knows now what they strangely didn’t know roughly 7 days ago.