March 21, 2023 United States: Oil Prices Climb as Banking Turmoil Fades Before Fed Decision Oil advanced for a second day, with investors watching for any signs of fresh banking-industry turmoil ahead of the Federal Reserve’s rate meeting this week. West Texas Intermediate rose above $68 a barrel after swinging in a $3-plus range
March 20, 2023 United States: US Credit Crunch Raises Risk of Fed Slamming Brakes Too Hard A banking crisis in a matter of days has emerged to potentially choke off a red-hot economy, raising the odds of a recession that the Federal Reserve has been working to avoid. Rattled by runs on regional US
March 17, 2023 United States: Fed Alarms at SVB Began More Than Year Ago as Examiners Changed Just over a year before Silicon Valley Bank’s collapse threatened a generation of technology startups and their backers, the Federal Reserve Bank of San Francisco appointed a more senior team of examiners to assess the firm. They
March 16, 2023 Effective March 16, 2023, the Governing Council took the decision to raise the three key interest rates set by the European Central Bank (ECB) by 50 basis points. As a result, starting on March 22, 2023, the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility
March 16, 2023 Gas Price Movement - March 16 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 16, 2023 United States: US Housing Starts Exceed Forecast on Multifamily Construction New US home construction increased in February for the first time in six months, led by a surge in starts of multifamily projects and suggesting the housing market may be starting to stabilize. Residential starts rose 9.8% last month to a
March 15, 2023 United States: Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, according to people familiar with the matter. Justice Department investigators in Washington and Manhattan were examining whether the New York bank
March 14, 2023 United States: US Core CPI Tops Estimates, Pressuring Fed as It Weighs Hike Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve officials weighing still-rapid inflation against banking turmoil in their next interest-rate decision. The consumer price index, excluding food
March 13, 2023 United States: Fed Flies Blind on Monetary Policy With Rising Risk of a 6% Rate The Federal Reserve is flying blind as it tries to bring down inflation without breaking the financial system or crashing the US into a recession. Ahead of a crucial meeting later this month, policymakers are wrestling
March 10, 2023 United States: Stocks Will Be Stuck on Fed Until a Recession Becomes Evident, BofA Says US stocks hanging on Federal Reserve policy signals are boxed in a “neurotic” trading range that will only break once economic data unambiguously point to a recession, Bank of America Corp. strategists say. The rate hikes
