Fed Further Increasing Interest Rates May Worsen US Banking Crisis, Prof Warns

Fed Further Increasing Interest Rates May Worsen US Banking Crisis, Prof Warns

The Federal Reserve should take a wait-and-see approach instead of going for further interest rate hikes after the US banking system was hurt by the Silicon Valley Bank’s collapse, Fabrizio Carmignani, a professor of economics and dean at Griffith Business School, Australia, told Sputnik.

Sputnik News

South Africa Today – World News – Latin America