|Day's range||8.50 - 8.50|
A new survey reveals a more cautious C-suite.
It’s been a big week for the Fed as it raised interest rates by 25 basis points to a new range of 4.75%-5%. Now, quantitative tightening, or QT, might be a term you’ve recently heard amid all of the news surrounding the Fed and growing inflation. But what does it mean? Quantitative tightening is when the Fed shrinks its balance sheet. They do this when the economy is in overdrive and inflation is running very hot. Yahoo Finance’s Seana Smith breaks down quantitative tightening and how it can impact you.
(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly, who is among senior central bankers whose role in the collapse of Silicon Valley Bank is under scrutiny, has pulled out of an appearance at a conference hosted by her bank.Most Read from BloombergDeutsche Bank Drops in Selloff Citi Describes as Irrational‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing LayoffsRussia Seeks 400,000 More Recruits as Latest Ukraine Push StallsJack Dorsey’s Wealth T