Commentary Recent turmoil in the banking sector has focused attention on the role of central banks, both in economies and in bank supervision and control. This will discuss central banks, like the U.S. Federal Reserve, and some of the tools they use to implement their policies, which can be opaque to the average person. First,…
The Federal Reserve Has Only Limited Tools for Monetary Policy
March 31, 2023
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Business & MarketsBusiness Columnistseconomic policieseconomyFederal Reserve (Fed)inflationInvestmentMarketsmonetary policyMonetary Policy Committeestocks
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Wall Street Opens Higher as Inflation Data Boosts Softer Fed Policy Hopes
Wall Street’s main indexes opened higher on Friday after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. The Dow Jones Industrial Average rose 42.93 points, or 0.13 percent, at the open to 32,901.96. The S&P 500 opened higher by 5.35 points, or 0.13 percent, at…
Shares and Bonds Ride High After Soothing Eurozone Data
March 31, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Share markets pushed for a fifth straight day of gains on Friday and bonds headed for their best month since 2008, as a record monthly drop in the eurozone’s inflation rate raised investors’ expectations for similar U.S. data later in the day. With an action-packed first quarter also drawing to a close world stocks were…
Euro Rises as Eurozone Countries Report Inflation Data
LONDON/SINGAPORE—The euro was set for its best week since mid January on Friday ahead of inflation data that will shape the ECB’s interest rate plans, while investor expectations U.S. rates are near peaking meant the dollar headed for a second consecutive quarterly loss. The European common currency was at $1.0883, down 0.2 percent on the…
Oil Dips, Set for Monthly Drop, Ahead of Key US Inflation Data
March 31, 2023
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, ahead of key U.S. inflation data which could give clues on future interest rate moves and the strength of the dollar. Brent futures, which have risen nearly 5 percent this week, were down 63 cents, or 0.8 percent, at $78.64…
Choosing Between Look-alike ETFs and Mutual Funds
By Nellie S. Huang From Kiplinger’s Personal Finance When faced with a choice between buying shares in an exchange-traded fund (ETF) and buying shares in a mutual fund that follows a similar strategy, which is the better option for you? “The choice isn’t always black and white,” says Charles Rotblut, with AAII, which helps individual…
Euro, Dollar Steady as Bank Fears Recede, Inflation in Focus
LONDON—The U.S. dollar and euro steadied on Thursday as concerns over the banking sector receded, while investors switched focus to inflation for more hints on central banks’ next rate moves. Inflation data from German states, used to calculate a preliminary inflation figure for the eurozone’s largest economy due at 1200 GMT, have started to come…
Oil Rises on US Crude Draw, Iraqi Supply Risks
March 30, 2023
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LONDON—Oil prices rose on Thursday on a surprise drop in U.S. crude stockpiles and a halt in exports from Iraq’s Kurdistan region. Brent crude futures rose 40 cents, or 0.51 percent, to $78.68 a barrel at 0926 GMT, while West Texas Intermediate crude rose 52 cents, or 0.71 percent, to $73.49 a barrel. U.S. crude…
Stocks Firmer as Investors Bet Banking Crisis Is Behind Them
March 30, 2023
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LONDON—A steadier tone in global stocks continued on Thursday as investors hoped the banking sector had turned a corner on its recent turmoil to help markets end the quarter on a positive note. The dollar and crude oil prices were stable, with calmer markets allowing investors to focus more on the economy, as Spanish inflation…
Fed Was in Talks With Silicon Valley Bank to Use Discount Window Before Collapse
March 30, 2023
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Business & MarketsCompaniescongresseconomic policieseconomyFDICFedFederal regulatorsInvestmentMarketsMichael BarrPolicies & ImpactsPoliticsSilicon Valley BankstocksUSUS News
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Federal Reserve officials were reportedly in discussions with Silicon Valley Bank (SVB) to use its discount window, right before its collapse earlier this month. The Fed’s top enforcer testified in front of Congress on March 29, as the elected representatives demanded answers for the California-based lender’s collapse. House lawmakers questioned the regulators’ competency and accused…
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