

El-Erian called on Fed to raise main interest rate 25 basis points at meeting and couple move with assurance of commitment to financial stability.
Behind the recent financial turmoil and contagion fears, is a still-strong US economy, the MLIV Pulse survey shows.
Morgan Stanley’s M. Wilson said stress in banking system marks what’s likely to be beginning of painful and “vicious” end to bear market.
The legendary investor is reportedly in contact with the White House over the crisis of confidence rocking banks, since the sudden collapse of SVB.