Global Markets Show Positive Signs Ahead of Fed Decision.

1 min read
Source: CNBC
Global Markets Show Positive Signs Ahead of Fed Decision.
Photo: CNBC
TL;DR Summary

Stocks ended last week positively, with more clarity on the government's readiness to protect bank deposits and the Federal Reserve signaling a possible ease off as the banking crisis slows the economy. Depositors have been moving their money from smaller to bigger banks at a slower rate, but another crisis could trigger a panic again. The United Auto Workers elected reform candidate Shawn Fain as its president, who vows to take a harder line in negotiations with Detroit automakers. Millions of Americans are losing a big chunk of their food budget as pandemic-era emergency funding for SNAP benefits runs out. Israel is in widespread civil unrest after Prime Minister Benjamin Netanyahu fired Defense Minister Yoav Gallant, who urged the government to pause its controversial judicial reforms.

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