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Federal Reserve to Hold Closed-door Meeting on Monday

The Federal Reserve board of governors will hold a closed-door meeting on Monday using expedited procedures. The conference will take place at 11:30 AM.


Review and Determination of Advance and Discount Rates

The primary purpose of the meeting is to review and determine the advance and discount rates to be charged by Federal Reserve banks.

Recent Collapse of Silicon Valley Bank

The meeting follows the recent collapse of Silicon Valley Bank, which was the biggest failure since the 2008 financial crisis. The event roiled global markets and affected banking stocks, leaving tech entrepreneurs in California concerned about making payroll.