Federal Reserve

Personal Finance

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

Markets

What UPS tells us about the economy

UPS provided clues about which direction the U.S. economy is heading in the short and long term for 2023, this as the Fed makes is latest decision on interest rates Wednesday.