Goldman Sachs Does Not Expect Rate Hike In March Amid Bank Bailouts
Ramsha Naushad
March 13, 2023
Goldman Sachs has said “In light of recent stress in the banking system, we no longer expect the FOMC to deliver a rate hike at its March 22 meeting"
Two of the banks that were friendliest to the crypto sector and the biggest bank for tech startups all failed in less than a week.
FDIC has also assured that no losses for Silicon Valley Bank will be borne by the taxpayer.
Biden also said: I am committed to "holding those responsible for this mess fully accountable."
Federal Reserve too has announced new emergency bank term funding program.Bu what for crypto sector?
There are very few options now for crypto firms and the industry will be strapped for liquidity until new banks step in: Nic Carter of Castle Island Ventures
Ponzi Finance called Goldman as worried and desperate for exit liquidity. Expect highly bearish market and galloping inflation.