First Republic won’t be the last bank to fail, Breitbart Economics Editor John Carney warned Fox Business host Larry Kudlow in an interview Monday following JPMorgan Chase’s acquisition of the failed bank.
Tag: Federal Reserve
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during the May […]
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report on Signature Bank’s collapse and […]
Breitbart Business Digest: Hot Inflation Means at Least One More Fed Hike
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
US Government in Talks to Rescue Struggling First Republic Bank, Sources Say
Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday. Private-Sector Deal Preferred as U.S. Government Officials Discuss First Republic Bank Rescue Efforts Market observers […]
Fed Faults Its Supervision of Silicon Valley Bank
The Fed says it will rethink its approach to regulating banks like Silicon Valley Bank.
Carney on ‘Kudlow’: ‘Stagflationary’ GDP Report Makes a Fed Rate Hike Inevitable
The first-quarter GDP report bears all the signs of stagflation and makes a Fed rate hike all but inevitable, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives
A bill signed into law on April 11 has made gold and silver legal tender in the U.S. state of Arkansas, allowing citizens to use gold and silver coins to pay debts. The bill also clarifies that gold and silver “specie” (coins) will not be considered property for tax purposes, and transactions made with these […]
Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist […]
U.S. Economic Growth Stalls Amid Lending Decline, Fed Report Says
Growth stalled but there were no districts reporting contractions of overall activity.