The banking sector: What you need to know now

A banking crisis is unlikely, but there could be other impacts.

March 16, 2023 View in a browser

FIDELITY VIEWPOINTS® WEEKLY EDITION: March 16, 2023

The banking sector: What you need to know now Learn about the potential implications of recent bank troubles for financial markets, the Fed, investors, and more from Fidelity's Jurrien Timmer. Read more Ways to help keep your cash safe What to know about cash, banks, and insurance. Get the answers Where to look for dividends now Dividend income can help cushion volatile stock returns. Get income ideas Is a traditional or Roth account right for you? Tax rates are key. But surprisingly, your personality matters too. Find your match Turbocharge your child's 529 plan Harness the power of the new tax law and other strategies. Here's how Video of the week Silicon Valley Bank collapse: What you need to know Watch our Special Report on the Silicon Valley Bank closure. Our panelists will break down what happened and the market implications. Watch now Chart of the week Charging toward $1 trillion in consumer debt For a while, consumers were chipping away at their credit card debt. Not anymore. Credit card debt has risen to a record $986 billion, far surpassing its pre-pandemic heights as consumers find ways to keep up with inflation. Where the economy stands now. Source: Federal Reserve Board, March 7, 2023

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