Worst yet to come?

By Craig Erlam   It was another remarkable day in financial markets and it, unfortunately, doesn’t feel like the worst is behind us. Fear has once again gripped the markets, concerned about a

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No bailout for SVB, says Yellen

Treasury Secretary Janet Yellen said on Sunday that the U.S. federal government will not provide a bailout for Silicon Valley Bank’s investors after the bank was abruptly shuttered, but said financial regulators are “concerned”

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Markets cautious ahead of jobs report

By Craig Erlam   Investors are taking a cautious stance ahead of Friday’s jobs report, a little spooked by Jerome Powell’s comments in Congress and fearful of being caught on the wrong side

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Fed’s Powell warns of higher rates

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that it will likely raise interest rates more than expected amid strong economic data and that it is prepared to move more aggressively

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All eyes on Powell

By Craig Erlam   It’s shaping up to be another relatively flat day in the markets as investors turn their attention to Capitol Hill ahead of Jerome Powell’s first testimony. The Fed Chair

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