Banking Crisis Throws Fed Rate Hike Plan Into Question
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 13 March 2023
⏱️ 14 minutes
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| 0:00.0 | The scientists of today are creating the next big thing. |
| 0:04.6 | On the Wall Street Journal's future of everything podcast, get an early listen to what tomorrow |
| 0:08.9 | has in store. |
| 0:10.8 | Find us wherever you get your podcasts. |
| 0:20.8 | Bank stocks are still being hit hard after the collapse of Silicon Valley bank on Friday, |
| 0:25.8 | and the turmoil is throwing the Federal Reserve's rate hike path into question. |
| 0:29.6 | If they have to stop raising rates because of financial stability concerns over the |
| 0:34.6 | health of these banks, what does that mean for inflation? |
| 0:38.1 | Does that just become more endemic or are they unable to successfully fight it? |
| 0:43.0 | Plus how dynamic pricing is infiltrating our everyday activities. |
| 0:47.3 | It's Monday March 13th. |
| 0:48.7 | I'm Amary for Tolley for the Wall Street Journal. |
| 0:51.2 | This is the PM edition of What's News, the top headlines and business stories that moved |
| 0:55.5 | the world today. |
| 1:00.1 | There was a sharp sell-off in regional bank stocks today following the collapse of Silicon |
| 1:10.0 | Valley bank and signature bank. |
| 1:12.4 | That pushes the Federal Reserve close to something it's wanted to avoid, fighting high inflation |
| 1:16.7 | at the same time as it's trying to resolve a financial stability trauma. |
| 1:20.8 | We will have much more on SVB, including the role of financial regulators and how the |
| 1:25.1 | banks collapse could impact the Federal Reserve's rate hike plans in just a few minutes. |
| 1:29.6 | But first, let's turn to markets with our reporter Gina Hebe. |
| 1:33.1 | So Gina, tell us what happened today. |
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