March 29, 2023 United States: A Credit Crunch Is the Last Thing the Strained US Economy Needs The biggest banking scare since the 2008 financial crisis will ricochet through the economy for months as households and businesses find it harder to gain access to credit. That’s the scenario facing the US after the collapse
March 28, 2023 United States: Markets Are Wrong on US Rate-Cut Bets, BlackRock Says The Federal Reserve will keep raising interest rates despite traders betting otherwise as fears of a banking crisis convulse markets, according to BlackRock Inc. The world’s biggest money manager favors inflation-linked bonds — securities that offer protection from rising prices
March 27, 2023 United States: US Stocks Rise as Banks Rally; Treasuries Dip: Markets Wrap US stocks rose as the banking sector bounced off recent lows on the prospect of further support from US authorities. All three major US gauges advanced as concerns over the banking sector eased. First Citizens BancShares Inc. led a
March 24, 2023 United States: Fed Swaps Fully Price Out a Rate Increase in May as Yields Slide Traders further downgraded the odds of any further rate increases by the Federal Reserve and ramped up bets on rate cuts beginning in June. Swap contracts referencing Fed meeting dates repriced to levels consistent with the
March 23, 2023 Gas Price Movement - March 23, 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
March 23, 2023 United States: Powell Stresses Commitment to Cooling Prices as Fed Hikes Rates The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis. The
March 22, 2023 At the 2023/24 Budget Debate on March 16, Prime Minister, the Hon. Andrew Holness informed that the Housing Agency of Jamaica (HAJ) is to undertake the development of 14,000 housing solutions out of the national target of 70,000. To date, the entity has achieved approximately 4,000 housing starts. The HAJ is
March 22, 2023 According to England’s ONS (Office of National Statistics) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 9.2% as at February 2023 while the Consumer Prices Index (CPI) rose by 10.4%. CPIH & CPI in January 2023 were 8.8% & 10.1% respectively. ONS noted that, “CPIH rose by 9.2%
March 22, 2023 According to the statistical office of the European Union (Eurostat), in February 2023, the Euro area annual inflation rate was 8.5%, down from 8.6% reported in January 2023. The prior year’s rate was 5.9%. Annual inflation in the European Union was 9.9% in February 2023, down from 10.0% in January 2023. A
March 22, 2023 United States: Fed Caught Between Inflation and Bank Crisis All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis. Powell and his colleagues began their meeting Tuesday with the
