EURJPY: Bulls breach falling wedge pattern

Today's roundtable comes at an opportune time, as we recently passed the one-year anniversary of the failures of Silicon Valley Bank (SVB) and Signature Bank.1 The long shadow of these bank failures, and the subsequent failure of First Republic, have prompted a great deal of discussion about the bank regulatory framework, including capital regulation, the approach to supervision, and the role of tailoring, among other topics. It is my hope that our discussion today reviews and considers the appropriate role of the Federal Reserve in providing liquidity to the U.S. banking system and, of course, its role as the "lender of last resort" through the discount window and authority under section 13(3) of the Federal Reserve Act. post: <=USD>: *FED’S BOWMAN FLAGS AREAS OF CONCERN FOR DISCOUNT-WINDOW ACCESS

post: ECB'S DE COS: EURO ZONE INFLATION DATA IS POSITIVE NEWS. post: ECB'S DE COS: THE RECENT DECLINE IN GENERAL INFLATION AND CORE INFLATION SHOW THAT MONETARY POLICY IS BEING TRANSMITTED FORCEFULLY. post: ECB'S DE COS: WE ARE NOT EXPLICITLY GIVING FORECASTS ON FUTURE MONETARY POLICY BUT RECENT INFLATION DATA IS COMPATIBLE WITH OUR MANDATE OF INFLATION GOAL post: ECB'S DE COS: CENTRAL SCENARIO POINTS TO A FIRST RATE CUT IN JUNE.

U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending March 29, 2024, which was 35 thousand barrels per day less than the previous week’s ...