U.S. stock index futures rose on Monday as authorities stepped in to restore investor confidence after the collapse of Silicon Valley Bank (SVB), with some investors betting on a pause in interest rate hikes by the Federal Reserve.
"It looks like the 50 basis point move is very likely to be off the cards altogether given the negative economic impact and the effect on sentiment from the SVB fallout," said Victoria Scholar, head of investment at Interactive investor.
"The Fed could even potentially opt for no change to interest rates whatsoever as the central bank keeps a close eye on the risk of any contagion effects from SVB’s collapse."Goldman Sachs analysts they no longer expect the Fed to raise rates by 25 basis points at its next policy meeting on March 21-22.
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