The collapse of Silicon Valley Bank (SVB)

US regulators announced an emergency plan to stem the fallout from the Silicon Valley bank collapse. Under the plan; The Treasury Department will provide up to $25 billion from the Exchange Stabilization Fund as support for the financing program
The Fed will create a Tariq Financing Program with the goal of protecting deposits in the collapsed Silicon Valley bank, will provide a loan facility of up to one year to banks, savings societies, credit unions and other institutions and will require those who benefit from the facility to pledge high-quality collateral such as Treasury bills or mortgage-backed securities
Yesterday, Sunday, March 12, the Federal Deposit Insurance Corporation (FDIC) began the auction process to sell the assets of SVB Bank in the United States, and with the spread of infection, the New York state authorities closed Signature Bank and said that all depositors there will also have access to their funds.

In light of all these developments, Goldman Sachs Bank stated that it no longer expects the Federal Reserve to raise the interest rate at its scheduled meeting next week on March 22, this matter pushed the US dollar to decline in addition to the two-year bond yields, which fell by about a full basis point today to 4.0%. from the peak level it reached last Wednesday at 5.08%

These events changed the standards in the markets, as the markets priced no interest rate hike at the next meeting or as a maximum rate hike limited to 25 basis points, which prompted all of the US indices, gold and major currencies to rise against the US dollar
Tomorrow, March 14, inflation data for the United States will be released. If a positive reading is recorded, the Federal Reserve will be in a very awkward position between sticking to monetary tightening and preserving the banking sector by reducing the rate of interest rate hikes