Recap and Implications of Jan 31 Fed Meeting
Mario Stampone Staff Writer Most recently, the Federal Reserve’s Open Market Committee (FOMC) met on January 30-31. The question of the
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Fed
October CPI Report Telling’s
Tyler Fernandes Staff Writer With the recent publication of the October Consumer Price Index report, we have some new insight into
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What the Fed Had to Say: September FOMC Meeting
On Wednesday, September 20, investors eagerly awaited the highly anticipated Federal Open Markets Committee (FOMC) meeting, where Jerome Powell of the Federal Reserve (The Fed), and his team made a pivotal decision to hold interest rates steady, with the current federal funds target rate sitting at 5.25%-5.50%, representing a 22-year high.
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The Federal Reserve’s Rate Hike Campaigns Effect on the U.S. Consumer
U.S. interest rates have hit their highest point since 2007, right before the start of the Great Recession currently sitting at 5.33% (St. Louis FED) and American consumers have been feeling the brunt of it. The spiking cost of everyday goods, record-high mortgage rates, and high fluctuating oil prices have caused the consumer to feel immense financial pain over the past two years.
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Who Is to Blame for SVB?
The recent collapse of Silicon Valley Bank, one of the top 20 largest American commercial banks, sent shockwaves throughout the banking industry. Trust in the American banking system was shaken across the board, raising questions regarding who was at fault for the collapse. Majority have directed the blame towards two parties: The Federal Reserve, and the executives at SVB.
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Brainard Leaves Fed for Position in Biden’s Cabinet
On Valentine’s Day, the Fed announced that the current Vice Chair of the Federal Reserve Board, Lael Brainard, would be stepping down from the central bank and heading President Biden’s National Economic Council.
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What Mass Tech Layoffs Might Mean For Economy
By the first week of December, Twitter had let go about half of its 7,500-employee workforce… But layoffs in the tech sector have been rampant both before and after the Twitter news. In 2022, 140,000 jobs were slashed from both public and private organizations in the industry.
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FDIC Reports Fall in Deposits by $370 Million in US Banks
Reports from the Federal Deposit Insurance Corporation (FDIC) reports that U.S. Bank Deposits have fallen by $370 Million, one of the largest declines since 2018.
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Fed’s Inflation Policy Complicated by Invasion
With inflation steadily increasing due to the numerous issues dealt with in the last two years, investors and consumers show concern as prices continue to rise. Many Fed officials have discussed a strict, aggressive approach to battle these rising costs. But now the long-awaited interest rate hike from the Federal Reserve faces a challenge. The Russian invasion of Ukraine.
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