Summary:
With the highest inflation seen in four decades persisting, market participants have expected the Fed would hike until inflation subsides or “something breaks.” Unfortunately, the latter occurred in early March with the failures of Silicon Valley Bank (the 16th largest bank in the country) and Signature Bank. In truth, the real culprit for both banks’ failures was poor management, but the rapid pace at which the Fed hiked the overnight rate exacerbated their issues. It’s fair to wonder, in times like these, whether there will be any economic fallout moving forward.
Interested in the rest? Click Here To Download PDF
First County Advisors products and services are not insured by the FDIC, are not
deposits or other obligations of, or guaranteed by First County Bank, and are subject to
investment risks, including possible loss of principal amount invested.
