By: Ryan McMaken Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. March’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, […]
Archives for May 2023
As PacWest reports 10% drop in deposits, more banks are seeing higher deposit outflows
PacWest Bancorp might not be the only smaller institution that could be witnessing higher deposit outflows. The company announced on Thursday that it posted a 9.5 percent increase in deposit outflows. The news sent shares tanking as high as 25 percent. But it might not be the only bank to see outflows. According to H.8 […]
PacWest shares tank 25% at opening, FDIC to make announcement about Deposit Insurance Fund
Another day, another bank in turmoil. PacWest Bancorp shares tanked 25 percent to below $5 at the opening bell as the financial institution announced that nearly 10 percent of its deposits fled the bank. Will it persist in the coming days and weeks? The data show that overall commercial bank deposits continue to tumble. Meanwhile, […]
U.S. inflation still 4.9% higher than a year ago, core CPI remains sticky
The U.S. annual inflation rate slowed to 4.9 percent in April, down from five percent in March. Economists had expected anything between 4.9 percent and 5.2 percent. The monthly consumer price index (CPI) rose 0.4%, unchanged from the previous month. The core inflation rate, which eliminates the volatile food and energy sectors, slowed to 5.5 […]
Inflation continues to be sticky, stubborn for consumers, new FRBNY data show
Inflation is expected to remain sticky and higher than what the Federal Reserve expects. According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations, the one-year-ahead inflation is expected to be at 4.4 percent, down slightly from the 4.7 percent print in the March report. The three- and five-year-ahead expectations jumped to […]