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The Federal Reserve building is pictured in Washington, U.S.

REUTERS/Leah Millis/File Photo

SVB collapse & interest rates: What’ll the Fed do?

US markets rebounded Tuesday, temporarily calming fears that the collapse of Silicon Valley Bank might trigger a domino effect that makes both investors and ordinary Americans lose confidence in the banking system. But the uncertainty ain’t over yet.

With the stakes so high, who you gonna call? No, not those guys. We mean the Federal Reserve.

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U.S. President Joe Biden delivers remarks after the collapse of Silicon Valley Bank (SVB) and Signature Bank in Washington, D.C., March 13, 2023.

REUTERS/Evelyn Hockstein

SVB collapse: Don’t say the B-word

US President Joe Biden on Monday addressed the nation to assure Americans that, whatever the fallout from the collapse of Silicon Valley Bank, their deposits and the entire banking industry are both "safe."

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