Why Fed rate hikes take so long to affect the economy

Why Fed rate hikes take so long to affect the economy

The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate decisions to eventually slow that growth. The increase in borrowing costs that stems from Fed decisions does not affect all consumers immediately. It typically affects people who … Read more

With economy holding up, why is the market so down on America’s banks?

With economy holding up, why is the market so down on America’s banks?

Regional banking stocks are on pace for their worst year back to 2006, with the long tail of the SVB collapse. But bank stocks had been in rally mode since May, when First Republic was seized by the government and sold to JPMorgan, until bond rating agencies began issuing August warnings and downgrades. Bloomberg | … Read more