When the dust settles, the Fed is set to continue raising rates
If the Federal Reserve meeting were held today, it is likely that interest rates would remain unchanged due to the current uncertainty surrounding banks. However, the situation can quickly change as the markets are highly unpredictable. If there is no urgent need to rescue any banks over the upcoming weekend, there is a good chance of a 25 basis points rate hike. The Fed tends to increase rates until an issue arises. If the only problem is Silicon Valley Bank (SVB), the Fed will continue to raise rates as inflation remains high. This will lead to a stronger US Dollar and eventually, a decline in stocks once the initial relief rally due to no new bank failures ends.