February CPI Reported 6% Higher on Year, in Line with Expectations

U.S. stocks were volatile Monday as traders assessed the fallout from the collapse of two banks in recent days. On Sunday, President Biden addressed the banking system in a press release by the White House. 

“Over the weekend, and at my direction, the Treasury Secretary and my National Economic Council Director worked diligently with the banking regulators to address problems at Silicon Valley Bank and Signature Bank," said the President. 

"The American people and American businesses can have confidence that their bank deposits will be there when they need...

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