Fed Chair Jerome Powell has a tricky job in balancing inflation fears with recession fears.
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The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
Signature Bank collapsed at lightning speed.
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Lenders face a lot of risks, but two of them – interest rate and liquidity – were the main drivers of the sudden and rapid failure of Silicon Valley Bank and Signature Bank. That’s why more trouble may be ahead for the banking sector.
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The speed of SVB’s collapse was a surprise but central bankers can learn lessons from this failure.
SVB encountered a perfect storm of high interest rates and fearful clients.
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SVB, as it’s known, collapsed with lightning speed following a run on its deposits.
Is strong hiring fanning the flames of inflation?
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The Fed has been trying to tame employment and wages to keep inflation in check. It ain’t working.
Happy days.
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Central banks have been signalling that rate rises are going to get more aggressive again, but can the economy actually take it?
Markets reacted positively to Fed Chair Powell’s acknowledging “disinflation” is happening.
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The Fed lifted its benchmark interest rate just 0.25 percentage point following a series of much more aggressive rate hikes in 2022.
Putting your money where his mouth is.
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The US spent $232 billion paying interest on the national debt in the first quarter of 2023 as the Fed jacked up borrowing costs.
Calculating the cost of living in the country.
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The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
Many countries are dealing with a rapidly rising cost of living.
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January 6, 2023
Alan Shipman , The Open University ; Aymen Smondel , Université Côte d’Azur ; Bhima Yudhistira Adhinegara , Center of Economic and Law Studies (CELIOS) ; John W. Diamond , Rice University ; Luis Garvía Vega , Universidad Pontificia Comillas ; Mohamad Hassan Shahrour , IAE Nice - Université Côte d'Azur ; Peter Martin , Crawford School of Public Policy, Australian National University , and Wayne Simpson , University of Manitoba
Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
This could get ugly.
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Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
Although a recession is likely on the horizon, it’s uncertain how deep it might go.
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Although many say the economic outlook for next year appears bleak, there is room for optimism.
Homebuyers are receiving something of a holiday gift in falling mortgage costs.
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The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
Unbearable pressure: Fed Chair Jay Powell.
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Central bankers are set to slow down their rate hikes.
The Fed is taking aim at its inflation target.
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The Fed is waging war to get inflation down to its preferred level of around 2%. An economist explains what’s so special about that number.
Why so sad, George?
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Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
Mortgages can haunt homeowners.
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With 30-year fixed rates hitting a 20-year high of 7%, a finance scholar explains where these life-altering loans originated.
Staving off both recession and a financial crisis may take more than a hope and a prayer.
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The Fed is also beginning to reduce its massive balance sheet, which is beginning to cause disruptions in the $24 trillion Treasury market.
Photo ops of the world’s central bankers and finance ministers typically involve a woman or two surrounded by men, such as this image from the G-7 in Germany in 2015.
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Men were significantly less likely to express confidence in the Federal Reserve and optimism about the economy when monetary policy information came from a woman versus a man.
The U.S. government can’t do much about rising food prices, which are primarily caused by supply chain problems.
AP Photo/Nam Y. Huh
Many voters say inflation is the issue that matters to them most as they head to the polls. The problem is, the people they choose can’t do much about it.