In an hour, the Federal Reserve will meet in an emergency session.

Fed Emergency Meeting 2022

The stock market may be critical after the mortgage rate, hurricane and inflation.

On Monday, October 3, 2022, at 11:30 am, there would be a secret meeting of the Board of Governors of the Federal Reserve System.

The Board of Governors' review and approval of the advance is the meeting's stated goal.

Federal Reserve Banks' anticipated discount rates would probably be updated.

There are some credible rumours circulating concerning a significant bank disaster ahead of the emergency meeting.

According to 'a reputable source,' ABC Australia reports that a significant investment bank is in danger.

Most people are pointing to Credit Suisse because it was harmed by the Archegos catastrophe, and since then, its share price has fallen from $14.90 to $3.90.

Moreover, distressed levels of credit default swaps exist.

The $24 trillion national debt, the recession, and the fallout on European banks are all topics fueled by Forbes for the meeting.