David Bahnsen, chief investment officer at The Bahnsen Group, discussed House Speaker Kevin McCarthy’s (R-CA) debt ceiling success earlier in the week and said President Joe Biden “will have to” negotiate with Republicans as a result.
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
The Fed says it will rethink its approach to regulating banks like Silicon Valley Bank.
The first-quarter GDP report bears all the signs of stagflation and makes a Fed rate hike all but inevitable, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Growth stalled but there were no districts reporting contractions of overall activity.
MANCHESTER, New Hampshire – Anti-woke Republican presidential candidate Vivek Ramaswamy told Breitbart News he plans to “shut down” federal agencies such as the Department of Education for good and replace others like the Federal Bureau of Investigation with new entities built from scratch.
Now we know why Federal Reserve officials at the March meeting yanked down their expectations for economic growth for this year and next: the economics staff of the central bank warned that a recession is on the way.
Fed officials were advised that the central bank’s staff now sees the economy heading toward a recession.
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of Richmond President and CEO Tom Barkin said that he hasn’t seen evidence that inflation has cracked, and that while inflation is moving in a good direction, “it’s
On Monday’s broadcast of CNBC’s “Closing Bell: Overtime,” Moody’s Analytics Chief Economist Mark Zandi stated that inflation getting to a level “anyone feels comfortable with” that is “closer to” the Federal Reserve’s target is “not going to happen before the end
Fears of a widespread run on banks have receded.
The Fed’s James Bullard Pushes Back Against Wall Street The Federal Reserve has begun to push the market away from the conviction that the second half of this year will see interest rates falling significantly. Federal Reserve Bank of St.
Big Blue Banking and the Democrats plan to stay woke. If and when they go broke, they will bail themselves out with other people’s money. That’s how the rich stay rich and get richer.
The stock market is still “at loggerheads with the Fed” thinking the central bank will cut interest rates this year, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
A bit cooler than expected.
The Federal Reserve’s loans to banks expanded at a slower pace, suggesting some stability for the sector.
The market may be disappointed that Federal Reserve Chairman Powell turns out to be more Paul Volcker than Arthur Burns in staying the course in his inflation fight.
Treasury Secretary Janet Yellen will say on Thursday that regulators may have to tighten banking rules in the wake of the banking crisis.
Manufacturing activity in the central Atlantic region of the United States showed modest improvements in March, according to a survey from the Federal Reserve Bank of Richmond released on Tuesday.
Sen. Bill Hagerty (R-TN) said during a Senate Banking Committee hearing on Tuesday that he found it “damning” that the CEO of Silicon Valley Bank was on the San Francisco Federal Reserve board one day before the bank collapsed.
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk?
Republican presidential candidate and entrepreneur Vivek Ramaswamy told Breitbart News in an exclusive interview that slashing the Fed and unleashing growth is the key to getting out of the banking crisis.
Two-thirds of economists say they are not confident that the Fed can bring down inflation to two percent without triggering a recession.
Treasury Secretary Janet Yellen was more concerned about climate change than the looming risks to our banking system brought on by the rapid rise of interest rates, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
The market’s conviction that the Federal Reserve is done raising rates and will quickly pivot to cutting became even more extreme at the end of this week.
The Federal Reserve appears to expect economic growth to come crashing to an abrupt halt later this year.
Borrowing from the Fed is at a level not seen since the 2008 financial crisis.
Economists had forecast a rise in claims to 197,000.
On Wednesday’s broadcast of “CNN Newsroom,” CNN Business Reporter Matt Egan stated that the Federal Reserve has gotten “more pessimistic” on inflation and CNN Economics and Political Commentator, Washington Post columnist, and PBS Special Correspondent Catherine Rampell said that the change in the
On Wednesday’s broadcast of CNN International’s “One World,” CNN host, International Business Correspondent, and CNN Business Editor-at-Large Richard Quest stated that the Federal Reserve’s interest rate hike will make things “worse” for banks because “all the banks are stuffed to
On Wednesday’s broadcast of “PBS NewsHour,” Harvard University Economics Professor and former Chief Economist at the International Monetary Fund Ken Rogoff predicted that the Federal Reserve will “leave inflation higher for longer” due to fear of endangering the banking sector despite
On Wednesday’s broadcast of CNN’s “Situation Room,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that the failure of Silicon Valley Bank “was a failure
On Wednesday’s broadcast of CNN’s “Situation Room,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the Federal Reserve’s decision on rate hikes was a
Federal Reserve Chairman Jerome Powell said on Wednesday that inflation remains “too high” and has a “likely bumpy” and “long way” to go until it reaches the intended two percent, where the Fed would like it to be.
Sens. Rick Scott (R-FL) and Elizabeth Warren (D-MA) unveiled bipartisan legislation to boost oversight of the Federal Reserve amid two bank failures.
Federal Reserve Chair Jerome Powell said during Wednesday’s press conference that the Fed would use “all of our tools” to keep the banking system safe in the wake of the Silicon Valley Bank (SVB) collapse earlier this month.
The Federal Reserve continued to increase interest rates by quarter of percent (25 basis points) on Wednesday, a decision subject to speculation by financial experts, as the central bank weighed reducing soaring inflation and the stability of the banking system.
Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed.
During an interview with CBS News on Tuesday, Moody’s Analytics Chief Economist Mark Zandi stated that the problems in the banking industry are the inevitable result of rate hikes by the Federal Reserve where “things are going to start to wobble and break and it’s going to feel uncomfortable.”
In the aftermath of the collapse of Silicon Valley Bank (SVB), the 16th biggest bank in the country, many are left wondering what went wrong. Both current and former employees have stated that the bank’s support of remote work is a contributing factor.
