The aftershocks of the sudden collapse of three American banks in less than a week could spell more pain for stocks in the weeks ahead by creating new obstacles for the Federal Reserve in its battle against inflation, market strategists said.
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Aftershocks from the collapse of three American banks in less than a week could spell more pain for stocks in the weeks ahead by creating new obstacles for the Federal Reserve in its battle against inflation, market strategists said.
U.S. authorities, including the Fed, the Treasury and the Federal Deposit Insurance Corp., jointly announced Sunday night that Signature Bank had collapsed over the weekend, following the failure two days before of Silicon Valley Bank and the closure of Silvergate Bank last Wednesday. The plan…
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