Turkish analyst warns of new banking crisis on horizon in U.S.

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Turkish analyst warns of new banking crisis on horizon in U.S.

STORY: Turkish analyst warns of new banking crisis on horizon in U.S. DATELINE: June 2, 2023 LENGTH: 00:01:48 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. street views 2. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst at Ekoturk channel 3. various of U.S. street views 4. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst at Ekoturk channel 5. various of U.S. street views STORYLINE: According to a Turkish analyst, a new banking crisis is looming as the decline in U.S. inflation is far from desired, pushing the Fed more likely to raise interest rates. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst at Ekoturk channel "There is a very serious risk. If the U.S. has one or two more interest rate hikes, there could be a new banking crisis. Therefore, the U.S. (market) does not want to raise interest rates without overcoming inflation. The biggest menace here is that U.S. inflation could pick up again. If they fail to bring inflation down, it would signal a new interest rate hike, which could lea

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