Fed Expecting the Banking Crisis to Cause a Recession This Year | Dan Nathan & Guy Adami on CNBC

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Guy comments on the Fed's next steps and what raising rates in May would mean.

Dan discusses the 2-year yield moving off the CPI data release.

Dan thinks the focus is going to shift away from the Fed towards companies and their earnings.
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The fed doesn't expect that.
The minutes are clear. The "fed staff" projected a recession but they likely projected multiple different cases depending on how the banking "development" proceed, since as Powell himself said, they have no idea what will be the effects of the banking issues.

vadimkotlarov
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SVB was a shitty banking organization with shadey dealings and horrendous risk management practices. They should of been allowed to fail.

LukeLoewen
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