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High Inflation Still Top Concern for Global Economy, Say Economists: Reuters PollApr 28, 2023 - 05:58:03 PDT
Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to Reuters polls of economists who also upgraded their 2023 growth forecasts from three months ago. With the global economy performing better than expected so far this year, most major economies...
The Bank of England is militantly unrepentant. We are supposed to believe that it is not to blame for the monetary inflation that so convulsed our society over the last two years.
Us Regulators to Release Reviews of Largest Bank Failures Since 2008 CrisisApr 28, 2023 - 05:53:49 PDT
U.S. regulators are set to release confidential details of their oversight of Silicon Valley Bank and Signature Bank in the run-up to the sudden collapses of the regional lenders last month, even as another large financial institution's struggle for survival in the wake of those implosions plays out in real time. In back-to-back reports due on Friday, the Federal...
GDP: Economists Fearing More Than Just a Recession: The U.S. Might Well Be Facing StagflationApr 28, 2023 - 05:45:58 PDT
“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.
Short sellers have ramped up bets against commercial mortgage REITs, wagering that more borrowers will default on office debt as interest costs increase and property values fall.
China’s central bank boosted short-term cash injection into the banking system for the 11th straight day, the longest streak this year, as it sought to calm investor concerns over a liquidity squeeze around month-end.
A growing body of contrarians has a warning for the market majority betting on a continued euro rally: the energy crisis that sent the common currency tumbling last year is far from over.
The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.
First Republic Bank’s membership in the S&P 500 Index could be in jeopardy after the troubled bank’s stock set a new all-time low on Wednesday that briefly pushed its market capitalization below $1 billion.
The euro zone dodged a winter recession by growing at the start of 2023, despite inflation remaining a menace.
Shares of First Republic Bank rose in pre-market trading as the US banking industry and regulators hash out possible paths forward for the troubled regional lender.
Banks increased emergency borrowings from the Federal Reserve for the second week in a row, underscoring ongoing stress in the financial system following a string of bank collapses last month.
U.S. electric utilities must make investments to the tune of almost $12 trillion dollars before 2040 in order to upgrade the grid and keep power supply reliable...
US oil futures headed for the longest run of monthly losses in more than eight years as slowdown concerns in the US and Asia weighed on demand outlook.
The Bank of Japan scrapped its guidance on future interest rate levels while keeping its main stimulus measures unchanged, as Governor Kazuo Ueda prepared the ground for taking a more flexible stance on policy.
Europe’s central banks should be wary of potential dangers ranging from more financial stress to a divergence in bond yields as they stay the course with further interest-rate hikes, according to the International Monetary Fund.
U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank's advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve are among government bodies that have...
Global Markets-Moribund Euro Zone, Amazon Outlook Dent Stocks Ahead of Rate MeetingsApr 28, 2023 - 05:20:53 PDT
A Europe on the brink of stagnation and a mixed outlook from Amazon dented global shares on Friday as investors hoped that anticipated interest rate hikes next week on both sides of the Atlantic will herald a peaking of borrowing costs. S&P 500 stock index futures were down 0.3% after Amazon.com Inc signalled its cloud growth would slow further...
The Fed is still bailing out banks.The Bank Term Funding Program (BTFP) reached a new all-time high in April, suggesting that the banking crisis has not yet passed.And while the aggregate balance sheet looks to be shrinking, the detailed data shows it is more complex than that.
Silver has seen a relatively weak delivery to start the action in May. While this could be considered disappointing to some who were looking for fireworks, a look beneath the surface shows that all is not well.