070 – SVB failure adds complex variable for the Fed

<p>Chair Powell’s testimony in front of the Senate and House was hawkish and aggressive. Higher for longer and faster were introduced. The market briefly priced in a possible 50bps hike for March. However, the failure of Silicon Valley Bank, lower wage inflation and the uptick in the unemployment rate has the market rethinking this. Moreover, tomorrow sees inflation data – the next piece in the puzzle. Tune in to listen to FXCM market specialists, Russell Shor and Nikos Tzabouras.</p>