Political leaders said sector’s generally in “good shape” after Deutsche Bank stock fell 14%
The California-based bank serves a similar clientele as did failed Silicon Valley Bank
SVB was the 16th largest bank in the U.S., holding $210 billion in assets
A run of strong U.S. economic data could lead to greater-than-forecasted hikes
January's solid spending will likely raise pressure on the Federal Reserve to hike rates further
Inflation has slowed but is still fuelling a cost-of-living crisis, public-sector strikes and fears of recession
The increase comes even as the European economy slows
The ECB is expected to hike rates by a half-point on Thursday
However, interest rates must remain elevated "for some time," Brainard said
As inflation eases, optimism rises