Signature bank logo is seen in this photo illustration taken in Warsaw, Poland on March 13, 2023.
Jaap Arriens | Nurphoto | Getty Images
While worries of a banking crisis rocked the stock market, there was much debate on Wall Street and in Washington about the actions taken by the Federal Reserve and the Treasury Department since the collapse of Silicon Valley Bank and Signature Bank. Two phrases are being thrown around on CNBC and elsewhere: “moral hazard” and “hawkish pause.” Here’s what they mean and how these four words shape this evolving situation. We hope club members can use what they learn here to improve their understanding of the issues dominating the market and how they affect their portfolios.