-
US CPI Reading Takes a Temporary Back Seat to Banking Crisis
The most important event on the economic calendar ahead of the Federal Reserve’s monetary policy meeting this month is no longer the latest reading on inflation. Tuesday’s consumer price index reading is being overshadowed by turmoil in the banking industry. Silicon Valley Bank on Friday became the biggest US lender to fail in more than a decade just days after Silvergate Capital Corp. announced it was shutting its bank. Then on Sunday, New York state financial regulators seized Signature Bank. The collapses led the Fed to launch a new emergency program to backstop banks. So now inflation is no longer top of mind ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 14, 2023 5:30am Mar 14, 2023 5:30am
- Guest
- | IP XXXX:1adf:e8a1
-
- Older Stories
From youtube.com/cmegroup|Mar 13, 2023Monday’s flight-to-safety trade lifts yen futures. Bob Iaccino examines.
From fxstreet.com|Mar 13, 2023GBP/USD has run up towards an area of potential resistance area on the daily chart as the following will illustrate. This gives rise to the prospects of a significant correction ...
From federalreserve.gov|Mar 13, 2023The Federal Reserve Board on Monday announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in ...
-
- Newer Stories
From stats.govt.nz|Mar 13, 2023Key facts: Monthly arrivals: Overseas visitor arrivals were 265,400 in the January 2023 month, up 261,400 from the January 2022 month. The biggest changes were in arrivals from: • ...
From fedguy.com|Mar 13, 2023There is little risk of a crisis in the banking sector, but that does not mean there aren’t badly run banks. QE and Basel III have made the banking sector significantly more ...
From raymondjames.com|Mar 13, 2023It is often said that the Federal Reserve (Fed) tightens until something breaks. In fact, history is peppered with examples of financial accidents caused by past Fed tightening ...
- Story Stats
- Posted: Mar 13, 2023 5:40pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,521
- Linked events:
