by Ken Chase | Apr 22, 2023 | Banks, News
In a news report released on April 21, Moody’s Investors Service downgraded the ratings of 11 regional banks. The company noted in its most recent assessment of the banking industry that the sector is continuing to experience instability due to high inflation and bank...
by Ken Chase | Apr 13, 2023 | Banks, News
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas recently told CNBC that the global economy continues to face severe challenges to growth. Despite an array of downside risks, however, he urged policy makers to continue to use the tools they...
by Ken Chase | Feb 21, 2023 | Banks, News
Major banks have recently weighed in with their expectations for additional Federal Reserve interest rate hikes, forecasting that the central bank will raise those rates three more times before the end of 2023. That’s according to Reuters, which cited predictions from...
by Ken Chase | Feb 6, 2023 | News
The Federal Reserve announced yet another interest rate hike this week, as it continues its efforts to rein in stubbornly high inflation. Unlike its most recent rate hikes, however, this increase was a more modest boost of a quarter of a percentage point. The central...
