Fed says hike and pause, ECB to say hike and more! | MarketTalk: What’s up today? | Swissquote

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As expected, the Federal Reserve (Fed) raised the interest rates by another 25bp yesterday, and hinted at an eventual pause ‘to wait and see’ what happens from now.
Fed Chair Powell said that ‘conditions in the banking sector improved since early March’.
BUT PacWest, another US regional bank, saw its share price slump by more than 50% in the afterhours trading, after the bank announced that it considers strategic options like a breakup, capital raising or a sale.
Equities and oil sold off, as US yields tumbled and gold rallied.
Today, the European Central Bank (ECb) is also expected to announce a 25bp hike when it meets today. But the ECB Chief Christine Lagarde will certainly not announce the end of the rate hikes in the Eurozone.
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