The US economy has been hit with a string of bank failures, and these bank failures have exposed some major problems at the core of the US financial system. Emergency measures by the Federal Reserve and US Treasury were required to stop several ongoing bank runs that threatened the solvency of dozens of institutions. These events have rattled consumer and investor confidence, leaving many wondering why these events happened, if more bank failures are on the way, and what the impact will be to the economy in 2023. In this video, we’ll take a look at the root cause of the issues plaguing the US banking sector, explain why more institutions are likely to fail in the coming months and outline why these events will worsen the ongoing recessionary pressures in the economy.
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