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PacWest Bank Crushed By The Fed as Gold Makes All Time High
Mere minutes after The Federal Reserve hiked interest rates and Jerome Powell assured the world that US banks were safe and resilient, stock in regional lender PacWest Bank fell more than 50%. Seems that one didn't age quite so well. The continued mayhem in financial markets has investors looking for safety with gold briefly touching an all time high.
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#PacWest #EndTheFed #Gold
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