I thought the Fed is now stuck between a rock and a hard place ?
Rise interest can kill more US banks.
Lower interest will elongate inflation.
What option does the US Gov have now ?
Till now, you still dont know why Fed keep raising rate?
Now their own bank is in trouble.
So instead of raising rate to 50 basis points, it drops to 25basis points and let his 5 little bros off this round.
India flips prata extremely fast. It has started to sanction Russia already.
China is smart this time, China has pointed out this round of Bank crisis started in U.S. so US authority needs to show transparency on their banking sector.
