https://www.crainscleveland.com/economic-outlook/federal-reserve-boosts-key-rate-quarter-point-amid-banking-woes
At the same time,
2) The Fed also just announced it has opened wide the 'Discount Window' - where insolvent banks (like SVB) can borrow freshly printed money from the Fed if they're desperate - and that activity just skyrocketed from $4 Billion on March 9 to $153 billion on Wednesday.
https://www.americanbanker.com/news/feds-super-discount-window-issues-12-billion-of-advances-in-three-days
In short the Fed is screwing the little guys with higher interest rates while bailing out the elite guys at the Discount Window.
That the WH and Fed continue to maintain they are curbing inflation is laughable. They are clearly not interested inflation per se with these conflicting policies -- they are playing politics and helping out favored donor groups as our capital markets circle the drain!...