Breitbart Business Digest: Inflation May Last Longer Than Expected
The money supply stayed higher for longer, so inflation and economic growth are likely to stay higher for longer too.
The money supply stayed higher for longer, so inflation and economic growth are likely to stay higher for longer too.
The latest sign that the housing recession may be coming to an end.
In a system of competitive banking, there will always be banks that misjudge the risks they face, and sometimes this will mean they fail.
What banking crisis?
Home prices have been declining as the Federal Reserve’s interest rate hikes have pushed up rates on home loans.
Exports of goods for February were $167.8 billion, $6.7 billion less than January exports. Imports of goods for February were $259.5 billion, $6.2 billion less than January imports.
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk?
Production increased even though perceptions of general business business conditions worsened and new orders fell.
Two-thirds of economists say they are not confident that the Fed can bring down inflation to two percent without triggering a recession.
A large amount of deposit funds ran from small banks to large banks.
The market’s conviction that the Federal Reserve is done raising rates and will quickly pivot to cutting became even more extreme at the end of this week.
S&P survey sees prices rising the most in five months.
Core capital goods, a category that excludes aircraft and defense goods, saw the second consecutive monthly rise. The January figure, however, was revised down from the very strong gain of 0.8 percent to the still healthy 0.3 percent.
The Federal Reserve appears to expect economic growth to come crashing to an abrupt halt later this year.
Borrowing from the Fed is at a level not seen since the 2008 financial crisis.
New language in her Capitol Hill testimony appears aimed at calming markets.
Sales of new homes in the U.S. moved up in February after a big downward revision to the prior month’s estimate. The Census Bureau said Friday that purchases of new single-family homes rose 1.1 percent to a annualized pace of
Economists had forecast a rise in claims to 197,000.
The Federal Reserve’s attempt to tighten financial conditions has been increasingly embattled by the market’s view of where economic and financial conditions will be.
There were more green shoots of a recovery in the housing market to be seen on Tuesday.
A much bigger jump in home sales than expected.
Yellen attempts to stand athwart bank runs, yelling “halt!”
The apparent success of the resolution of the Credit Suisse crisis leaves room for the Federal Reserve to hike its interest rate target this week.
Authorities raced to get a deal in place before trading opened in Asia.
Credit Suisse says the offer from UBS is too low.
As of March 15, the level of borrowings from the Federal Reserve’s liquidity and credit facilities had risen nearly 2,000 percent from the prior week.
Consumer sentiment fell further from already depressed levels in March.
If the Fed were not so distracted by the ongoing run on regional banks, this nascent recovery in housing might be a cause for concern.
Bloomberg News reported that the rescue talks are being orchestrated by the U.S. government.
Demand for workers in the U.S. remains red hot.
Has disinflation in housing already gone dry?
It seems very unlikely that the Federal Reserve will end its rate hike cycle.
Fears of financial instability are dragging markets down again on Wednesday.
Core producer prices, however, are still rising.
Swiss banking giant’s shares fell to an all-time low on Wednesday.
Silicon Valley essentially put the cost of ordinary corporate treasury prudence onto the banking system and got rewarded for it when the government broke its own rules and agreed to back even the largest deposits at Silicon Valley Bank.
The outlook for U.S. banks is now negative, the ratings agency said.
Headline inflation slowed on a month to month basis but core price increases picked up the pace.
There is a clear through line from the spendthrift Biden administration policies to the current crisis.
Shares of First Republic fell by a record 67 percent.