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Fed Hikes Rates by a Quarter Percentage Point, Indicates Increases Are Near an End: CNBCMar 22, 2023 - 11:09:36 PDT
The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end.
Mar 22, 2023 - 11:07:14 PDT
The Fed has a lot of 'splaining to do, yet seems determined to keep doing the wrong thing.
Thanks to its monetary mismanagement, the Fed now finds itself in a predicament of its own making.
The biggest mistake any analyst or investor can make right now is to believe that the banking crisis is over.
On both sides of the Atlantic, central bankers have been busy putting out banking sector fires. Now they must address investors’ other major concern — how much further interest rates might rise at a time of fragile market confidence.
The Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.
All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.
Just a handful of recent bank collapses … with the boost given by Janet Yellen’s recent testimony in congress … have spread shockwaves beneath the entire surface of global banking.
That’s an almost 40% difference in Defense spending, after adjusting for inflation. But is US national security 40% better than it was in 2013? Is the military 40% stronger today than it was 10 years ago?
The Fed strived for years to produce inflation with absurd QE policies. When the Fed finally got inflation, every Fed member plus Treasury Secretary Janet Yellen said inflation was transitory.
Barney Frank Was Right About Signature Bank...
Mar 22, 2023 - 07:37:08 PDT
The deposit runs and Federal bailout at Silicon Valley Bank and Signature Bank has a positive silver lining: mortgage rates dropped -3.43% from the previous week. As such, we got an increase in mor…
Gold prices have room to run as banks struggle and the Federal Reserve renders another rate decision, potentially breaking all-time highs — and staying there.
Gold: Currency From Banking System ‘Absolutely Did Move Away Into Gold,’ Says StrategistMar 22, 2023 - 06:10:46 PDT
“We have seen kind of a flee from the banking system," said Soloway. “Money absolutely did move away into gold and that’s definitely one of those fear-factor trades that has helped gold go higher."
Ted Cruz Introduces Bill Blocking Fed From Adopting Central Bank Digital CurrencyMar 22, 2023 - 06:09:40 PDT
Senate Republicans are introducing a bill to block the Federal Reserve and the Biden administration from moving forward with a central bank digital currency.
Christine Lagarde (ECB) Admitting That if the Central Banks Don’t Do CBDC They Lose Control: VideoMar 22, 2023 - 06:02:20 PDT
Want to know why we are in a financial crisis? Christine Lagarde (ECB) admitting that if the Central Banks don't do CBDC they lose control. This is the endgame.
As Fed Meeting Looms, Economists See Central Bank Balance Sheet in New LightMar 22, 2023 - 05:58:48 PDT
Historic Federal Reserve lending to banks in the wake of Silicon Valley Bank’s collapse punched a huge hole in its effort to shrink the size of its balance sheet, though economists don't view that turnaround as a shift back toward a stimulative use of its asset stockpile. Instead, the rapid expansion of the Fed's holdings of cash and bonds has emerged as a key tool to help contain...
Meanwhile, a recession looms for Europe's largest economy, which finds itself in the midst of an inflationary crisis. After experiencing a 0.4% GDP contraction in the fourth quarter of 2022, it's anticipated that the economy will once again contract in the first quarter.
Fed Could Put Us Economy in ‘Very Dire Situation’ With Rate Hike Decision, Expert WarnsMar 22, 2023 - 05:48:02 PDT
Is the Fed's next rate hike decision going to be "poorly perceived" by the markets and bring the U.S. economy closer to recession? Experts Mike Lee and Kathryn Rooney Vera weigh in.
\A coalition of Canadian lenders is urging Prime Minister Justin Trudeau’s government to increase the limits on deposit insurance, arguing that it would send “a strong signal” about financial stability and reduce the risk of bank failures.