Federal Reserve poised to hike interest rates amid banking turmoil

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March 20, 2023 at 9:31 AM

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The Federal Reserve is expected to announce another interest rate hike when it meets this week amid a crisis of confidence in the banking industry. The Federal Deposit Insurance Corporation announced over the weekend that it sold a huge portion of failed Signature Bank to Flagstar Bank. Axios managing editor for business and markets and CBS News contributor Javier E. David discusses with Anne-Marie Green and Vlad Duthiers.

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Federal Reserve poised to hike interest rates amid banking turmoil

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