The collapse of Silicon Valley Bank and Signature Bank has sent a shock wave across markets while sharply bolstering investor expectations that the Federal Reserve will ease up on the pace of its rate hikes—or stop raising interest rates entirely. A week ago, before Silicon Valley Bank (SVB) became a household name as regulators ordered…
Bank Failures Lead to Investor Bets That Fed Will Ease up on Rate Hikes
March 13, 2023
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The Fed Is Making Things Ever Worse
March 13, 2023
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Business & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesjerome powellOpinionrecessionSilicon Valley BankSilicon Valley Bank CollapseViewpoints
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Commentary Jerome Powell came to power at the Fed with the determination to reverse the astounding errors of his predecessors, most especially Ben Bernanke who received the Nobel Prize for the dumbest central-bank policies since the Weimar Republic. Back in 2008, Bernanke pushed borrowing costs for banks to zero and held them there for years…
LIVE 7 AM ET: NTD Good Morning (Mar. 13): Migrants Rush US Border; Yellen Says No Bailout for Collapsed Bank SVB, Depositors Will Be Protected
U.S. officials stop hundreds of migrants trying to storm the border. Find out what caused them to make the desperate attempt. Two U.S. banks collapse in a matter of days. The Treasury Department and the Federal Reserve come up with a plan to protect the failed bank’s clients. Governor Ron DeSantis visited the city of lights….
NTD Good Morning (Mar. 13): Migrants Rush US Border; Yellen Says No Bailout for Collapsed Bank SVB, Depositors Will Be Protected
U.S. officials stop hundreds of migrants trying to storm the border. Find out what caused them to make the desperate attempt. Two U.S. banks collapse in a matter of days. The Treasury Department and the Federal Reserve come up with a plan to protect the failed bank’s clients. Governor Ron DeSantis visited the city of lights….
NTD Good Morning (March 13): Migrants Rush US Border; Yellen Says No Bailout for Collapsed Bank SVB, Depositors Will Be Protected
U.S. officials stopped hundreds of migrants trying to storm the border. Find out what caused them to make the desperate attempt. After two U.S. banks collapsed in a matter of days, the Treasury Department and the Federal Reserve come up with a plan to protect the failed bank’s clients. Gov. Ron DeSantis visited the city…
The Collapse of SVB Portends Real Dangers
March 10, 2023
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Bank Runbanking industryBusiness & MarketsBusiness ColumnistsFederal Reservefinancial crisisinflationinterest ratesOpinionrecessionSilicon Valley BankSVBU.S. economyViewpoints
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Commentary Thus far in this 3-year fiasco of mismanagement and corruption, we’ve avoided a financial crisis. That’s for specific reasons. We just had not traveled there in the trajectory of the inevitable. Are we there yet? Maybe. In any case, the speed of change is accelerating. All we await is to observe the extent of…
US Economy Not Expected to Improve in Months Ahead: Fed’s Beige Book
The U.S. economy experienced robust growth to kick off 2023, but the outlook for the coming months was not as strong, according to the latest Federal Reserve Beige Book report. Overall economic activity was driven by “steady” consumer spending and stabilizing manufacturing activity following several months of contraction. The Bureau of Economic Analysis (BEA) recently…
Jerome Powell Reassures Lawmakers Federal Reserve Is Not a Climate Policymaker
Federal Reserve Chair Jerome Powell told lawmakers during a congressional hearing that the U.S. central bank is not a climate policymaker, reiterating comments about the Fed’s role in the environment. Powell delivered his semi-annual Monetary Policy Report to the House Financial Services Committee on Tuesday, one day after appearing before the Senate Banking Committee. The…
Interest Rates Tap Out Consumers as Credit Growth Slows in January: Fed Report
Consumer credit extended its expansion streak to kick off the year as revolving and non-revolving debt grew, new Federal Reserve data confirm. U.S. consumer credit increased by $14.8 billion in January, up from $11.56 billion in December. This fell short of the market estimate of $20 billion and represented the second-lowest print since the central…
Fed Raising Interest Rates Higher Than First Thought, Jerome Powell Tells Senate Committee
The Federal Reserve will likely keep raising interest rates higher than officials had first thought, Chair Jerome Powell told lawmakers in Washington. In his first of two appearances on Capitol Hill on Tuesday, Powell cautioned the Senate Banking Committee that the latest string of better-than-expected economic data and a modest reversal in the disinflation trend…
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