Helping You Survive and Prosper in the Greater Depression
The Federal Reserve Bank of Dallas' General Business Activity Index for Manufacturing in Texas remained in contraction territory for the 12th straight month in March. The regional central bank's index clocked in at -15.7 this month, down from 13.5 … [Continue reading] about Fed Dallas Bank Survey: ‘Collapsed Silicon Valley Bank could be the beginning of more challenges ahead’
Are Americans waving goodbye to small banks? In the aftermath of the Silicon Valley Bank and Signature Bank failures and the U.S. government signaling that it would only come to the rescue of the big banks and well-connected institutions, … [Continue reading] about U.S. small banks suffer record deposit drop after SVB, Signature failures: Fed data
The Federal Reserve added another $100 billion to its balance, raising the total to nearly $400 billion in two weeks. The U.S. central bank's balance sheet now stands at $8.733 trillion. At the beginning of its tightening campaign, the balance … [Continue reading] about Federal Reserve added another $100 billion to its balance sheet last week amid banking crisis
First, here is the post-meeting press conference with Federal Reserve Chair Jerome Powell: https://www.youtube.com/watch?v=Co3WU9xjQkM Now, the Federal Reserve raised interest rates by 25 basis points, increasing the benchmark target rate to a … [Continue reading] about Watch: Post-FOMC policy meeting with Fed Chair Jerome Powell
The financial markets are penciling in a quarter-point increase to the benchmark federal funds rate at today's Federal Open Market Committee (FOMC) policy meeting. Here is a snapshot of what investors expect: Looking ahead, the futures … [Continue reading] about Markets expecting quarter-point rate hike at today’s FOMC meeting