The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
SVB encountered a perfect storm of high interest rates and fearful clients.
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The US spent $213 billion paying interest on the national debt in the fourth quarter of 2022 as the Fed jacked up borrowing costs at an unprecedented pace.
Although a recession is likely on the horizon, it’s uncertain how deep it might go.
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