Personal Finance

How SVB’s collapse could affect interest rates

The collapse of Silicon Valley Bank (SVB) and Signature Bank has spread fear and uncertainty in the banking sector. But the FDIC has long offered some protection to individual depositors of insured banks. Here’s what you need to know.

Inflation cools but interest rate and recession fears remain

Inflation increased by 6.0% year-over-year in February. Although the upturn has slowed in recent months, inflation remains far from the Fed’s target rate. To slow down inflation, the Fed has raised interest rates. But economic factors and speculation in the banking sector may force the Fed to change its course, some economists believe.