MM111: The US banking crisis claims another victim
Market Maker
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The Worst Case Scenario for the Fed
The Fed could either raise rates by 25 basis points or not. If they didn't hike, then really that would be seen as an admission from their side that this banking crisis is a lot worse than you are currently thinking. So it's an entirely off their own making this nightmare situation that they find themselves in. But look, it's too late. I mean, you can criticize what's happened in the past, you can't change it, right? It's about, well, what do you do next? And they think they'll get it wrong again.
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