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Banking, Economy

“The Federal Reserve thinks catastrophe is coming for US businesses”

“…1. Researchers at the US central bank just published a paper warning that a historic surge in the percentage of distressed American companies could worsen the fallout from the Fed’s inflation battle. Plainly, they said high borrowing costs could cause a huge number of companies… Continue Reading…

Banking, Economy

“Federal Reserve expected to raise interest rates 0.25%, investors debate next steps”

“The Federal Reserve will kick off its latest two-day policy meeting on Tuesday with officials expected to announce a 0.25% increase in its benchmark interest rate on Wednesday, a move many believe could be the final rate hike of the… Continue Reading…

Banking, Economy

“Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated”

“Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, the… Continue Reading…

Banking, Economy

“…Cathie Wood has warned of another ‘Great Depression’ if the Fed doesn’t pivot…”

“…“The Fed raised rates in 1929 to squelch financial speculation and then, in 1930, Congress passed Smoot-Hawley, putting 50%+ tariffs on more than 20,000 goods and pushing the global economy into the Great Depression,” Wood said. “If the Fed does… Continue Reading…

Banking, Economy

“M2 Growth Plummets Down To Zero”

“EDITOR’S NOTE: It’s interesting to see common optimism floating around on Wall Street as mainstream financial media often represents it. It certainly makes you wonder if this is truly the case, as any investor, from retail to professional, can simply look “under… Continue Reading…

Banking, Economy, Real Estate

“Markets and households lose faith that Fed can handle inflation”

“The Federal Reserve’s missteps in waiting too long to tackle the greatest run-up in prices in four decades has shaken trust across markets and the American public that it is up to the task of curbing inflation. On the eve… Continue Reading…

Banking, Economy

“Powell Facing Choice Between Elevated US Inflation and Recession”

“Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain control of prices… An increasing number of economists… Continue Reading…

Banking, Economy

“Treasury secretary concedes she was wrong on ‘path that inflation would take'”

“US Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would continue to plague American consumers as the Biden administration works to contain a mounting political liability… Yellen and other White House officials once framed inflation as… Continue Reading…

Banking, Economy

“Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink”

“The Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool along side higher interest rates to curb inflation, though officials don’t know just how effective it will be… After doubling in size through… Continue Reading…

Economy

“Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war”

“JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same… “You’d better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves… Continue Reading…