U.S. financial stocks plummet, Asia’s interest rate hike, Korea interest rate gap’highest’

As US financial stocks plummeted, Asian countries opted for “government intervention” while Asian countries chose “government intervention,” and the interest rate gap of 1.5% came to dominate the capital market.
Financial stocks plunged due to the US Federal Reserve's announcement of 'no interest rate cut this year' and the Treasury Department's 'uninsured deposit guarantee', and Asian countries started to raise interest rates one after another, but Korea, which kept interest rates unchanged, announced that the government would stabilize the market, and other than the financial sector. Intervention started on the 22nd.
With Fed Chairman Powell's 0.25% interest rate hike policy and 'anti-inflation' policy, it was announced that there would be no interest rate cut within this year, and Treasury Secretary Jennette Yellen's remarks that 'consider not depositing' on 'uninsured deposits' led the US financial stock to 3.7. %, regional banks plunged 5.3%.
Regarding central bank interest rate policy in the Philippines and Taiwan on the 23rd, Reuters said, “The Philippine central bank is expected to raise interest rates by 25 basis points to 6.25%, while Taiwan is expected to keep its key rate at 1.75%.” Announced on the 23rd, the Bank of England is expected to follow the Fed in raising rates by a quarter point to 4.25%.”
Deputy Prime Minister Kyong-ho Choo held an emergency macroeconomic and financial meeting on the 23rd and said, "We cannot rule out the possibility that global financial market instability, such as the US small and medium-sized bank crisis, will recur in the process of adapting to the new environment of high-intensity monetary tightening, escaping from the long-lasting low interest rate situation." "If necessary, we will promptly implement market stabilization measures according to the prepared situational response plan," he said, maintaining the interest rate gap through 'market stabilization' in the government's low-interest economic stimulus policy.
Reuters reported: “Chairman Powell's press conference suggested that the Fed is in 'wait-and-see mode' on the impact of expected tightening of credit standards on the economy and inflation, and he has repeatedly said that policymakers do not know how the next few months will play out. "However, policy makers in Asia will remain vigilant and may continue leaning in the direction of tightening rather than pause," he said. expected
While the interest rate in the United States, a key currency country, reached 5% on the same day, Korea's interest rate gap widened to 3.5%, widening to 1.5%p. done.
As a result of the FOMC on the 22nd, the US Federal Reserve System (Fed) raised the base rate by 0.25%p, bringing the interest rate to 4.75-5.00%.
The Fed's statement stated that "inflation is still rising" and dropped the phrase "inflation has moderated somewhat" from the February statement, predicting further rate hikes.
"Despite fears that higher lending rates will exacerbate chaos gripping the banking system, we have extended a year-long fight against high inflation by raising key interest rates by a quarter point," the Associated Press said. “We expect to raise the key interest rate once more at the same high as we expected,” he said on the day, predicting the final U.S. interest rate this year at 5.1%.
Responding to the Fed's statement, the New York Times said, "The Fed said some further rate hikes 'could make sense,' and Chairman Powell stressed the importance of 'could'." He predicted a further rate hike, but hinted that even that was uncertain.”
Regarding the interest rate above 0.25p on the day, the NYT said, “Federal officials raised it by 0.25% to balance the two conflicting issues: the risk that inflation could remain fast and the threat that disruptions in the banking system could significantly slow the economy. .Fed officials expect rates to remain at 4.1% by the end of the year, with rates cut more slowly next year than expected," he said, suggesting a "longer, more gradual fight than expected a few months ago." Maintaining interest rates seems impossible.