Submitted by rali108 t3_11nxcxm in wallstreetbets
The FED has been increasing rates at the fastest pace in history. One of the fallouts of that is these banks going under who were ill prepared. I think this will put immense pressure on the Fed to stop their hikes if not pivot sooner than anticipated.
This has just given the opposition in congress a lot of ammo. Also if the CPI on Tuesday comes in cool. Thats a wrap folks.