Timothy Sumer

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Markets are still expecting the Fed to raise the interest rate once again when the Federal Open Market Committee meets next week despite last week’s historic bank failures of Silicon Valley Bank and Signature Bank. Sultan Meghji, a former FDIC chief innovation officer, said the U.S. should’ve seen this coming because, “For years now in academia and in the banking system itself, we’ve been able to use machine learning and advance analytics to look at balance sheets of banks to find these kind of issues.” #bankfailures #FDIC #banking Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at 10a/9C.#NewsNationLive NewsNation is your source for fact-based, unbiased news for all America. More from NewsNation: Get our app: Find us on cable: How to watch on TV or streaming: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation ...