Markets Dip, Signaling Pause In Rally As Focus Shifts To Next Week’s Fed Decision: Analyst Says Brace For More Volatility Near Term
Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe.
Cues From Friday's Trading:
Credit Suisse To Borrow $54B From Swiss National Bank
https://www.cnbc.com/2023/03/16/credit-suisse-to-borrow-up-to-about-54-billion-from-swiss-national-bank.html
Jeremy Siegel Hopes Banking Crisis ‘Knocks Some Reality’ Into Powell And Fed Officials
The Federal Reserve is expected to raise its benchmark rate by a quarter of a percentage point next week.