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The Latest Breaking News from US Federal Reserve

The unexpected American shopping spree seems to have cooled

Retail sales dipped 0.4% in February after a surprise start-of-the-year surge that appeared at odds with the Federal Reserve's goal of cooling down the economy.

WEKU

US wholesale inflation fell last month on lower food costs

Wholesale price increases in the United States slowed sharply last month as food costs declined, a sign that inflationary pressures may be easing

The Independent UK

The SVB collapse adds financial instability to the Fed’s inflation fight. A recession may not be the worst outcome

The Fed now faces a quandary: It must fight inflation while making sure that the remedy of rising rates doesn’t further undermine financial stability.

Fortune

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Progressives and bankers find common ground in SVB crisis

They both blame Fed regulators.

Axios

Joe Battenfeld: Bank failures fueling insecurity and angst among American voters

The collapse of Silicon Valley Bank and two other large banks is fueling economic insecurity and angst among an already rattled American public and is prompting a major damage control effort by President Joe Biden.

Boston Herald

Commentary: Beyond saving Silicon Valley Bank’s depositors, here’s what needs to happen next

Before Thursday, Silicon Valley Bank was regarded as being in “sound financial condition.” But on that day it experienced attempted withdrawals of $42 billion, about a third of its U.S. deposits. By close of business, the run on the bank made it incapable of paying its obligations as they came…

Los Angeles Times

Housing market stares down 2 shifts in the wake of SVB's collapse, says Zillow

Zillow chief economist gives two predictions for how the shutdown of Silicon Valley Bank could impact the housing market in 2023.

Fortune

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SVB collapse may force the Fed to rethink interest rate hikes

The Fed is wary of exacerbating any kind of financial fragility.

Fortune

Asian stocks higher after Wall St rebounds from bank jitters

Asian stock markets are higher after Wall Street stabilized following declines for bank stocks and U.S. inflation edged lower

The Independent UK

Washington reacts on the fly to Silicon Valley Bank failure

After a frenetic weekend of round-the-clock briefings, U.S. policymakers took the audacious step of guaranteeing all the deposits of the failed Silicon Valley Bank — even those exceeding the Federal Deposit Insurance Corporation's $250,000 limit

The Independent UK

Bear Market Odds Skyrocket!

There were plenty of reasons to be bearish on the stock market (SPY) coming into 2023. This is especially true with inflation still too hot leading the Fed to increase their hawkish behavior. And then came along the specter of a potential banking crisis that only increases uncertainty…and that only…

StockNews.com

Did deregulation lead to Silicon Valley Bank's collapse?

It was a scene straight out of the Great Depression: a major California bank locking its doors and pulling down the shades as a horde of panicky depositors demanded their money.

Los Angeles Times

Federal Reserve faces dual test of high inflation, bank instability

The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump…

France 24

Easing concerns about Silicon Valley collapse

The collapse of three US banks in less than a week has sent shockwaves through the financial industry, with global stocks plunging and public confidence shaken.

Bangkok Post

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ABC News

ASX recovers as fears of rapid US rate hikes and bank crisis subside

After three days of losses, the local share market is following a rebound on Wall Street as concerns of a banking crisis eased, while the Australian Energy Regulator has revealed power prices will rise by around 20 per cent in several states.

StockNews.com

The 5 Best Stocks to Buy and Watch in 2023

Recent rhetoric from the Federal Reserve, the collapse of the Silicon Valley Bank, and strong economic data have now resulted in an extremely volatile market backdrop. Against this, adding fundamentally sound stocks Bristol-Myers Squibb (BMY), General Motors (GM), McKesson Corp. (MCK), Cardinal Health (CAH), and American Vanguard (AVD) to your…

Los Angeles Times

Making sense of Silicon Valley Bank's failure: What it means for your money

It's never a good sign when "bank collapse" is trending on Twitter.

The Independent UK

Fed, under criticism for bank failure, faces tough decisions

The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into what became the second-largest bank failure in U.S. history

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The Guardian - UK

SVB collapse presents central banks with a big headache

Failure of America’s 16th biggest bank amid high inflation poses an awkward decision on interest rates for the Federal Reserve

StockNews.com

3 of the Most Dependable Stocks on the Planet

Fed chair Powell’s recent hawkish comments and the upbeat economic data have raised the probability of more aggressive interest rate hikes as the economy grows too quickly. Persistent rate hikes are expected to keep the stock market highly volatile in the upcoming months. Amid an uncertain macroeconomic backdrop, quality stocks…

The Conversation

Inflation is proving particularly stubborn -- but jitters over banking failures, softening economy complicate Fed rate decision

The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%.

StockNews.com

The 3 Best Industrial Stocks to Buy in 2023

Despite macroeconomic headwinds, the industrial sector is anticipated to remain buoyed on the backs of lucrative Federal investments. Against this backdrop, fundamentally sound industrial stocks General Electric (GE), Tennant Company (TNC), and Core Molding Technologies (CMT) might be solid buys in 2023. Read on….

Axios

Inflation is proving sticky, CPI report confirms

There's a more complicated narrative around inflation.

StockNews.com

The 2 Best Stocks to Buy for a Potential Recession

Despite the Fed’s persistent rate hikes, the recently released job data came in strong. This has dashed investors’ hopes and optimism. Amid fears of recession looming, quality stocks UnitedHealth Group (UNH) and Walmart (WMT) might be solid buys now. Read on….

Fortune

Bitcoin surpasses $25,000 after SVB collapse, CPI report

The cryptocurrency has struggled to maintain momentum past the $25,000 mark in 2023.

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