The IMF has approved a $3 billion bailout for Sri Lanka, with an immediate disbursement of $333 million and access to additional financial support from other institutions.
Economy
Goldman Sachs economist David Mericle predicts that the Federal Reserve will not raise interest rates at its upcoming meeting due to bank stress.
Experts Weigh In: What Will the Fed’s First Policy Decision Since 3 Banks Collapsed Look Like?
1 min read
Financial heavyweights are speculating on the Fed's upcoming interest rate decision in response to fears of a banking crisis.
Ordinary Americans may have to pay for the government's response to the failure of two large banks, costing hundreds of billions of dollars.
Jim Cramer believes that the banking crisis is doing the work of inflation control, making action from Fed Chair Jerome Powell and the Federal Reserve unnecessary.
Investors fear a recession is imminent due to plummeting bond yields, steep drops in oil and stock prices, and cooling bank lending.
The Federal Reserve faces a difficult decision between continuing interest rate hikes to potentially disrupt the markets or pausing, which could result in higher inflation.
Mortgage rates have decreased significantly after the collapse of Silicon Valley Bank, leaving many wondering how low they will go.
China's Premier has cautioned that the goal of achieving a five-percent growth rate by 2023 will be challenging to accomplish.
China has demonstrated its commitment to continuity by reappointing Yi Gang as head of the central bank.
