Despite the uncertainty with global banks, the European central bank moved forward with another bump in interest rates. “Europe increased their interest rates again by 50 basis points while here at home we were looking at maybe a quarter (percent) or even nothing at this point,” said Allison Thompson, The Money Farm. “If they’re continuing to fight inflation battles by doing that overseas, you have to think that the Fed might be continuing that stance as well, it’ll be very interesting to see what happens.” The Federal Reserve board meets Tuesday and Wednesday. The recent bank failures are expected to impact the decision on interest rates.
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