How the Rich Get Richer: Money in the World Economy
The way money and finance work in the global economic system tends to make the rich even richer while leaving behind average citizens. Central banks printing vast sums of cheap…
Read More »87 of 109 analysts polled expect next week’s Fed rate hike to be its last
The latest Reuters poll of analysts finds that all 106 expect the Fed to hike by 25bps at next week’s meeting, taking the Fed Funds benchmark overnight interest rate to…
Read More »US Dollar Extends Losses as Fed Minutes Flag Recession Risks amid Banking Sector Turmoil
Minutes from the Fed’s March meeting indicate that the banking sector turmoil that erupted last month could lead to tighter lending standards and pave the way for a recession later…
Read More »Volatility May See Range Breaks across Markets but Trends Might be Short-Lived
Going into the second quarter, the macro environment for financial markets is characterized by stubbornly high inflation and an evolving banking crisis. Will volatility continue to evolve?
Read More »ANZ’s CEO says banking turmoil has potential to trigger financial crisis
Original source: https://www.investing.com/news/stock-market-news/anzs-ceo-says-banking-turmoil-has-potential-to-trigger-financial-crisis-3040134
Read More »EUR/USD edges lower, and tests 1.0750 support as a triple bottom stays in play
As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not help the Euro (EUR), which, pressured by a banking crisis t
Read More »Deutsche Bank tumbles as jittery investors seek safer shores
Original source: https://www.investing.com/news/stock-market-news/deutsche-bank-and-ubs-shares-hit-as-banking-fears-keep-tight-grip-3038894
Read More »U.S. Fed delivers small rate hike amid global banking turmoil
Original source: https://www.investing.com/news/economy/us-banks-face-scrutiny-as-fed-rate-decision-looms-3036233
Read More »The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis
The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also must reassure markets it can stem a worse banking crisis. Original source: https://www.cnbc.com/2023/03/21/fed-likely-to-raise-rates-by-a-quarter-point-but-it-must-also-reassure-markets-on-banking-system.html
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