Breaking News: Emergency Meeting Called by Fed and Treasury – What’s the Latest Update?

U.S. Treasury Secretary Janet Yellen has called for an emergency meeting with top financial regulators, including the Federal Reserve and FDIC, to address the increasing concerns about banks going down. Banks such as Credit Suisse, Deutsche Bank and Signature Bank are facing insurmountable risks. It is unclear what the emergency meeting will address, but potential options include raising the FDIC limit, backstopping banks, cutting interest rates or halting the rate hike process. The market is pricing in a potential 1.2% cut in the next year, and the Fed’s balance sheet has been increasing due to the bank term funding program providing liquidity to some banks. True inflation in the US is reported to be under 4%, the first time in a while, and crypto is looking good with Bitcoin hitting a new record hash.

New Concerns Arise as Bank Failures Continue

Janet Yellen, the U.S Treasury secretary, recently called for an emergency meeting with the regulators of the Federal Reserve and FDIC (Federal Deposit Insurance Corporation). The unscheduled meeting took place today, but unfortunately, it was not open to the public.

According to reports, multiple banks are going down, and this fear is spreading to other countries. This has caused a lot of concerns among investors and has even affected the cryptocurrency market. In this article, we will discuss what all of this means for the market and what to expect in the future.

The Current Situation

As reported in the video, many banks are experiencing issues, with some failing altogether. Deutsche Bank, Credit Suisse, Svb out, and Signature Bank are just a few names that come to mind when discussing bank failures.

Additionally, there is a situation with rising Credit Default Swaps, where the bank’s credit is viewed to be at risk, resulting in an increase in bond pricing. This situation is not ideal, as it may mean that the bank may not pay off their creditors, which is alarming news for investors.

Emergency Meeting

The meeting taking place between Janet Yellen, FDIC, and regulators from the Federal Reserve have caused concerns among the public. The real reason for the meeting is yet to be disclosed, but it seems to be centered around the failing banks’ situation.

While the regulators have come out publicly to assure consumers that their funds are secure, it remains to be seen what the outcome of this meeting will be. However, many hope that new measures will be put in place to combat the rising problem.

Crypto Market

Bitcoin is down a little bit in the past 24 hours, sitting at around $28,000. Earlier today, Binance halted withdrawals, deposits, and spot trading for about three hours, which caused a scare among investors. However, it has since come back online.

As for the cryptocurrency market, Bitcoin has been doing well in recent times. It recently hit a new record hash, and this is good news for the network’s security. However, with the recent bank failures and uncertainties in the market, it remains to be seen how the crypto market will fare.


In conclusion, the recent emergency meeting with Janet Yellen, FDIC, and regulators from the Federal Reserve has caused concerns among investors. With multiple banks going down and fears of bank failures spreading to other countries, it is crucial to be cautious when investing.

It is recommended to take heed of the situation and remain updated with market news. For those interested in getting information faster, there is a Patreon link in the video for faster access. The market remains volatile, and it is best to be prepared for any outcome.

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