Fed Officials Say Sense Of Financial Stability Cleared Path For Rate Hike

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https://www.ibtimes.com/fed-officials-say-sense-financial-stability-cleared-pat…

International Business Times

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The International Business Times is an online global business newspaper based in New York City, comprising 10 national editions and seven languages. The publication, sometimes called IBTimes or IBT, offers news, analysis and editorial commentary on business and business-related stories[2] It is ranked by Alexa as the sixth-most visited site among business newspapers.

Launched in 2005, IBTimes was created to provide news services to the international business community. It is a privately held company and still owned by its co-founders Etienne Uzac and Johnathan Davis. Its headquarters are in the former Newsweek offices in the Financial District of New York.

Source: Wikipedia
http://en.wikipedia.org/wiki/International_Business_Times

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Reuters
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Federal Reserve officials on Friday said there was no indication financial stress was worsening as they gathered at a policy meeting this week, a fact that allowed them to stay focused on lowering inflation with another interest rate increase.

In separate appearances, three regional Fed bank presidents said they ultimately concluded that the March 10 collapse of Silicon Valley Bank along with other developments did not undermine confidence in the strength of the U.S. banking system as a whole, with one dismissing the California-based lender's failure as not relevant to how other banks are managed.

"It was a quirky situation," St. Louis Fed President James Bullard said in comments to a St. Louis community group.