Fed blinking in 'front of financial instability' is the 'worst thing they can do,' warns economic adviser
Allianz chief economic adviser Mohamed El-Erian discussed how the Federal Reserve's management led to the Silicon Valley Bank failure and other bank crises.
Credit Suisse and banking crisis, Fed meeting, Nike earnings top week ahead
The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
US home prices post first annual decline since 2012
The median U.S. home sale price dropped 1.2% in February, marking the first year-over-year decline in a decade, according to a new report from Redfin.
Banks borrow record-breaking $160B from Fed crisis lending programs
The Federal Reserve's emergency bank lending surged to a record high this week amid fallout from the collapse of Silicon Valley Bank and Signature Bank.
Mortgage rates drop amid bank closure fears: Freddie Mac
The average rate for a 30-year fixed-rate mortgage declined to 6.6% this week amid bank closure fears and interest rate speculation.
First Republic Bank reportedly exploring potential sale after credit downgrade
The Silicon Valley Bank crisis has spread throughout the financial sector, with First Republic Bank now exploring a potential sale after its credit downgrade by Fitch.
How SVB’s collapse could affect interest rates
The collapse of Silicon Valley Bank (SVB) and Signature Bank has spread fear and uncertainty in the banking sector. But the FDIC has long offered some protection to individual depositors of insured banks. Here’s what you need to know.
One year into its inflation fight, the Fed faces a murky future
The Fed began raising interest rates one year ago. Where it goes from here remains murky as it continues to confront high inflation and bank sector turmoil.
Fed announces July launch of new FedNow system for live transactions
The Federal Reserve on Wednesday announced it will roll out a new FedNow Service that allows banks to process instant payments beginning in July and is looking for early adopters.
Bank turmoil raises investor bets on big Fed rate cuts this year
The odds that the Federal Reserve cuts interest rates in May by a quarter-percentage point jumped in the wake of multiple crises within the banking sector.
Americans may deplete more than half their pandemic era savings by end of 2023: Goldman Sachs
Americans amassed major savings during the height of the pandemic, but they may deplete more than half of it by the end of 2023, a Goldman Sachs estimate forecasted.
Elizabeth Warren urges Fed’s Powell to ‘step back,’ recuse himself from SVB review
Democratic Sen. Elizabeth Warren tells FOX Business that some of Fed Chair Jerome Powell's banking policy "danger" has shown itself, and he should recuse himself.
The FDIC and your bank deposits: What to know
After the FDIC seized Silicon Valley Bank, some customers knew their money was insured, others were left hanging until regulators stepped in.
Stock market expert says Fed will pivot and cut rates 'very shortly'
After predicting a high probability of a market crash within the next 60 days, The Bear Trap Report's Larry McDonald weighs in on "the beast" that will now force Fed action.
Wholesale inflation unexpectedly falls 0.1% in February
The price producer index unexpectedly dropped in February, evidence that high inflation is beginning to ease, the Labor Department reported on Wednesday.
Inflation cools but interest rate and recession fears remain
Inflation increased by 6.0% year-over-year in February. Although the upturn has slowed in recent months, inflation remains far from the Fed’s target rate. To slow down inflation, the Fed has raised interest rates. But economic factors and speculation in the banking sector may force the Fed to change its course, some economists believe.
Moody's downgrades U.S. banking system's outlook to negative citing bank runs
Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Valley Bank.
Biden's economy has reached a 'tipping point,' budget watchdog warns
President Biden and the Fed's "tricky balancing act" to fight inflation and delay a recession "just became so much more difficult" amid bank run contagion and a big budget.
Inflation rose 0.4% in February as prices remain stubbornly high
Inflation rose in line with expectations in February as price pressures in the economy remain uncomfortably high, according to CPI data released Tuesday.
February inflation report likely to show consumer prices remain elevated
The consumer price index likely remained stubbornly high in February as inflation continues to inflict financial pain on millions of American households.