Banks aren't out of the woods yet and neither is the economy. Here's why

Banks aren't out of the woods yet and neither is the economy. Here's why

By Krystal Hur, CNN Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead. Fresh off of the Federal Reserve’s decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the central bank’s post-meeting press conference that “all depositors’ savings are safe.” But elsew…

Banks aren’t out of the woods yet and neither is the economy. Here’s why

(CNN) — Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead. Fresh off of the Federal Reserve’s decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the central bank’s post-meeting press conference that “all depositors’ savings are safe.” But elsewhere in Wash…

Banks aren't out of the woods yet and neither is the economy. Here's why

Markets seesawed severely this week when two of the US economy's most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead.

Banks aren't out of the woods yet and neither is the economy. Here's why

By Krystal Hur, CNN Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead. Fresh off of the Federal Reserve’s decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the central bank’s post-meeting press conference that “all depositors’ savings are safe.” But elsew…

Banks aren't out of the woods yet and neither is the economy. Here's why

Markets seesawed severely this week when two of the US economy's most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead.