inflation in USA It continues to slow and, in March, registered a rate of 5%, its lowest level since May 2021, according to the Bureau of Labor Statistics (BLS, in English). The data for the third month is one point lower than that detected in February, which strengthens the slowdown in inflation after reaching 9.1% […]
Tag: federal Reserve
US Treasury yields rise on expectations of Fed rate hike
The returns on Treasury bonds USA rose on Monday in thin trading as investors continued to bet on a 25 basis point rate hike from the Federal Reserve in your meeting of monetary politics next month, following a US jobs report that offset other weak economic data. Volume was light as many European markets, including […]
Lima Stock Market closes with losses and falls 1.19% this Thursday, March 23
The Lima Stock Exchange (BVL) closed the session of this Thursday, March 23, in negative territory. This result was driven by the poor performance of the mining sector. Thus, he scored 13 indicators down and 3 up. In this way, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell 1.19% […]
Lima Stock Exchange closes the day with gains in 14 indicators and rises 1.02%
The Lima Stock Exchange closed the session of this Tuesday, March 21, with gains in most of its indices, recording 14 upward indicators and 2 downwards. Thus, the S&P/BVL Peru General Index, the most representative of the Lima stock market, rose 1.02% to 21,653.54 points. For his part, he S&P/BVL Peru Selective Indexwhich is made […]
Yellen pledges to protect bank deposits, but more might be needed
The banking system of USA It is stabilizing after strong action by regulators, but further action may be necessary if smaller banks experience deposit runs that threaten further contagion, Treasury secretary is scheduled to tell bankers on Tuesday. Janet Yellen. In excerpts from remarks prepared for a conference before the American Bankers Association, Yellen said […]
Federal Reserve Oversight Comes into Question After Silicon Valley Bank Collapse
The supervision work carried out by the Federal Reserve (FED) with the Silicon Valley Bank (SVB) has been located in the eye of the hurricane, after the collapse of the entity, with the Democratic senator Elizabeth Warren calling this Sunday March 19 for an independent investigation into the possible failures. In a letter, Warren asked […]
US banks ask authorities to protect all deposits
A group of medium-sized banks of USA asked the federal regulatory authority to guarantee all its clients’ deposits for two years, even above the usual limit of $250,000, to avoid a contagion phenomenon after the bankruptcy of the bank BLSreported the Bloomberg agency. This measure “It would immediately stop the exodus of customers from smaller […]
Credit Suisse faces a crucial weekend with its future up in the air
Credit Suisse Group AG is headed for a decisive weekend after some rivals were cautious in their dealings with the troubled Swiss entity and its regulators urged it to seek a deal with UBS AG. Credit Suisse’s chief financial officer, Dixit Joshiand their teams will hold meetings over the weekend to assess strategic scenarios for […]
First Republic shares plunge nearly 33% despite $30 billion support
The actions of the First Republic Bank they plunged almost 33% on Friday, leaving them down more than 80% in the last 10 sessions, despite a bailout package with $30 billion in deposits injected by big US banks. The embattled lender was in talks to raise money from other banks or private equity firms by […]
Will taxpayers pay for US bank failures?
The government’s response to the failure of two large banks has already involved hundreds of billions of dollars. Dollars. Will taxpayers end up paying for it, one way or another? And what will be the price? It could be months before we know the answers. President Joe Biden’s government has said it will guarantee uninsured […]