Capital reserves for the largest banks will increase by 9% instead of the proposed 19%. I expect the Fed rate to be lowered to soften the blow despite nearly every historical indicator saying otherwise.
This is possible because… well… check out these other comments.
As usual: The headline sucks.
Capital reserves for the largest banks will increase by 9% instead of the proposed 19%. I expect the Fed rate to be lowered to soften the blow despite nearly every historical indicator saying otherwise.
This is possible because… well… check out these other comments.