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The Latest Breaking News from US Federal Reserve

US inflation slows to 6% annual rate amid looming banking crisis

The Fed’s target of bringing inflation to 2% could see dramatic change in tumultuous aftermath of Silicon Valley Bank collapse

The Guardian - US

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing

Consumer prices in February were 6% higher than a year ago, as inflation continues to ease. The data comes just days after the collapse of two regional lenders is roiling the banking system.

WEKU

Michael Hiltzik: As Silicon Valley Bank's red flags were flying, the Fed was AWOL

On Jan. 18, William C. Martin, a short-seller and former hedge fund executive, warned his Twitter followers that they were missing something important about Silicon Valley Bank.

Los Angeles Times

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3 Stocks That Could Take Your Portfolio to the Next Level in 2023

Following Fed Chair Jerome Powell’s testimony on monetary policy last week and February’s job report showing more job creation than expected, the probability of the Fed increasing interest rates have risen. However, given the rosy long-term prospects of the tech industry, fundamentally strong stocks Fortinet (FTNT), Teradata (TDC), and Box…

StockNews.com

Inside Biden's SVB move to stop future bank runs

The decision to protect depositors carried some risks.

Axios

Ken Griffin says SVB failure would have been 'lesson in moral hazard'

The CEO of hedge fund Citadel said that backing Silicon Valley Bank's deposits in full was a "loss of financial discipline."

Fortune

What to know about the Silicon Valley Bank collapse, takeover and fallout

President Biden urged calm as markets roiled over the collapse of Silicon Valley Bank. After the FDIC takeover, customers of the bank have full access to their deposits.

WEKU

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US banking sector outlook downgraded, but regional bank shares surge – as it happened

Shares in First Republic, Western Allliance, PacWest and Zions are all rallying after Monday’s selloff; US inflation drops to 6%

The Guardian - UK

Could interest rates in Australia fall after the collapse of two US banks?

If the Reserve Bank of Australia (RBA) wanted an excuse to end interest rate hikes, the collapse of two US banks just gave it one.

ABC News

Asian shares extend losses as US banking worries persist

Asian shares have fallen as investors around the world watch to see what's next following the second- and third-largest bank failures in U.S. history

The Independent UK

Why another high inflation report may not cause Fed to hike

The government inflation report being released Tuesday is expected to show that price acceleration in the United States remained chronically high in February, putting the Federal Reserve in an unusually tough position

The Independent UK

Why did Silicon Valley Bank fail and is a financial crisis next?

Economists see Lehman Brothers-style crisis as unlikely despite jitters following collapse of California-based lender.

Al Jazeera

Biden says banking system is safe, promises accountability for Silicon Valley Bank failure

WASHINGTON — “This is not 2008”: That was the mantra of Biden administration officials Monday as they sought to reassure investors and the public that a regulatory takeover of two failed banks and rescue of their depositors, along with newly implemented safeguards, would be enough to avert a broader crisis…

Los Angeles Times

Fears of another financial crisis as US bank stocks tumble after interest rate hikes

Investors are concerned that a relentless rise in interest rates meant to curb inflation are approaching a tipping point and may be cracking the banking system

Wales Online

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Los Angeles Times

Michael Hiltzik: With demands for a bank bailout, Silicon Valley shows its 'small government' mantra was just a pose

For decades, the dominant mantra of Silicon Valley's powerful has been that government is just a drag on their innovative spirit. Get regulators off our backs, they've argued, and we'll improve people's lives to an indescribable degree.

Bangkok Post

Shares of regional banks see sharp dip

Shares of Asian banks tanked yesterday as stock markets closed mixed as investors considered US regulators' actions to backstop both financial institutions and deposits following the collapse of Silicon Valley Bank (SVB) could stem further broader risks.

Bangkok Post

Baht surges amid US bank collapse

The baht on Monday surged against a significant fall in the US dollar mainly due to the sudden collapse of Silicon Valley Bank (SVB) and the market's expectation that the US Federal Reserve (Fed) would slow down its policy rate hikes.

Fortune

Top Obama economist has a 3-point plan to prevent more bank failures

SVB’s collapse is dangerous to a stable financial system, and a blueprint of what banking should not do.

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Fortune

FDIC official warned 4 years ago that uninsured regional bank deposits were an ‘underappreciated risk.’ No one listened, and we’re now paying the price

Regional banks “pose very significant challenges” for regulators, an FDIC board member wrote in 2019, long before Silicon Valley Bank’s failure.

Tribune News Service

Mortgage rates keep climbing as economy grows. What home buyers and sellers should know

The housing market is on the fritz – again.

Zenger

Hedge Fund Manager Calls For Government Intervention As Elon Musk Open To The Idea Of Buying SVB

Bill Ackman calls on the federal government to step in to solve the failed bank as Elon Musk is open to buying the bank

StockNews.com

3 Software Stocks to Buy Now and Never Sell

Despite the Fed’s hawkish stance, the long-term prospects of the software industry look bright, thanks to rapid digitalization and growing dependency on cloud-based solutions. Therefore, to capitalize on the industry’s tailwinds, it could be wise to scoop up the shares of fundamentally strong software stocks Oracle (ORCL), GoDaddy (GDDY), and…

The Guardian - UK

Big tech has long thought itself above the state. Silicon Valley Bank’s meltdown is stark proof that it isn’t

In the US, the Federal Reserve has stepped in to guarantee deposits. The tech sector should realise it can’t go it alone, says James Ball, of The Bureau of Investigative Journalism

Roll Call

Post-mortems begin on Silicon Valley Bank failure - Roll Call

Biden's comments about SVB added to scrutiny of a 2018 law that eased banking requirements, but it's not clear that's what cause the failure

StockNews.com

4 Stocks That Could Help Grow Your Portfolio Over the Next Decade

Despite the Fed’s continued interest rate hikes, job growth remains robust. As market uncertainties and risks obscure hopes and optimism, it could be wise to invest in fundamentally sound stocks, Salesforce (CRM), Progress Software (PRGS), Photronics (PLAB), and Forrester Research (FORR), for the long term. Continue reading….

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