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The Fed is about to release its look into Silicon Valley Bank
US Federal Reserve has ordered an internal audit of why Silicon Valley Bank and Signature Bank failed last month. The bank’s failures forced the government to take emergency steps to prevent a nationwide bank run. The audit needs to be conducted with “humility and careful and thorough review”, said the Fed. The bank had a…
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Will the global banking crisis lead to a recession?
The liquidity crisis at Silicon Valley Bank led to the bankruptcy of the bank in March last year, leading to the closure of the California-based institution. The bank’s failure sent waves of panic through the financial system in early March. The US Federal Reserve is responsible for about $140 billion in guarantees for all Silicon…
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The Asia Pacific shares join the US gains
Asia-Pacific stocks were up on Tuesday after credit rating agency Fitch Ratings said it will not cut Credit Suisse’s rating after the bank received an emergency bailout from the Swiss central bank. This came after world’s largest central banks, including the US Federal Reserve and the European Central Bank, had infused billions of dollars into…
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Interest rates are going up again because of the Fed’s war on inflation
The US Federal Reserve (Fed) has raised interest rates for the seventh time in nine months. This comes after the latest government reading showed inflation was running at its slowest annual rate in nearly a year. It had raised rates by 75 basis points last week, the sixth rate increase this year and fourth-consecutive hike…
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The premarket stocks show Wall Street’s optimism after the inflation report.
The US Federal Reserve (Fed) on Wednesday raised its benchmark interest rate by 75 basis points for the seventh time this year. The Federal Open Market Committee’s preferred measurement of inflation showed price increases continued to moderate in November, providing yet another encouraging indication that the period of “painful high prices has peaked”. The central…
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What can be learned from Friday’s jobs report.
The US Federal Reserve (Fed) on Tuesday announced it would raise interest rates for the sixth time this year, its fourth hike in a row. The central bank has now raised interest rates four times this year, the same number as in 2018. The Fed said it will raise the repurchase rate by half a…
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The Fed may have changed the market forever.
The US Federal Reserve (Fed) on Wednesday said that it plans to raise interest rates and limit the economy until prices come down, because it’s worried that rapid inflation will last. “Reducing inflation is likely…to require a sustained period of below-trend growth and softening of labour market conditions,” Fed Governor Jerome Powell said. It is…
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The Fed wont be affected by global rate moves.
The US Federal Reserve (Fed) has raised its key interest rate by a quarter-percentage point for the fourth time this year, taking it to 3%. This is the highest level in more than six years. “We’re deeply concerned…your interest rate hikes…risk slowing…economy to a crawl while failing to Slow rising prices…that continue to harm families,”…