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The SVB Collapse Threatens an Already Fragile Economy: When the Federal Reserve is raising rates, an unexpected shock can trigger a recession.
bloomberg.com/news/articles/2023-03-15/svb-bank-collapse-raises-2023-us-recession-fears
The SVB Collapse Threatens an Already Fragile Economy
Quick Glance: The SVB Collapse is the title of this article. Endangers an already vulnerable economy
  • Recession is always a risk when the Federal Reserve raises interest rates, as it is now.

  • Many people are wondering whether the spectacular failure of Silicon Valley Bank and two other lenders in the last week will send the United States into recession.

  • Borrowers and depositors were heavily concentrated among technology firms.

  • Given the strong message sent by regulators, Wilcox is "reasonably confident" that investors and bank depositors will be reassured, the risk of contagion will be eliminated, and this event will not trigger a recession.
Profile picture of Insider (news website)
Things won't be so expensive next year, Janet Yellen says — and Americans will be able to 'feel good about their finances and their personal economic ...
businessinsider.com/will-prices-go-down-next-year-inflation-recession-outlook-yellen-2022-12
Things won't be so expensive next year, Janet Yellen says — and Americans ...
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Five ways to prepare for an uncertain 2023 economy: For the U.S. economy, 2022 was a wild and somewhat painful year. And 2023 could be even more intense ...
thehill.com/policy/finance/3790748-five-ways-to-prepare-for-an-uncertain-2023-economy/
Five ways to prepare for an uncertain 2023 economy
Profile picture of Insider (news website)
The 'inflation gorilla' is out of its cage, not coming back to 2% soon: "They let the inflation gorilla out of the cage. And right now there's not enough bananas ...
markets.businessinsider.com/news/stocks/inflation-gorilla-stagflation-high-prices-risk-fed-rate-hikes-target-2022-12
The 'inflation gorilla' is out of its cage, not coming back to 2% soon
Profile picture of HuffPost
The Federal Reserve Can’t Fix Supply Problems, But It Can Make People Poorer: Economists warn of possible collateral damage as the central bank hikes interest ...
huffpost.com/entry/inflation-recession-interest-rates_n_62c838eae4b06e3d9bb4a0ad
The Federal Reserve Can’t Fix Supply Problems, But It Can Make People ...
Profile picture of Vox
Inflation is soaring. How did Paul Volcker’s Federal Reserve tackle it 40 years ago?
vox.com/future-perfect/2022/7/13/23188455/inflation-paul-volcker-shock-recession-1970s
Inflation is soaring. How did Paul Volcker’s Federal Reserve tackle it 40 ...
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Morning Bid: Powell shock meets power shock: A look at the day ahead in U.S. and global markets from Mike Dolan.
reuters.com/markets/us/global-markets-view-usa-2022-08-30/
Morning Bid: Powell shock meets power shock
Profile picture of Vox
Inflation is soaring. How did Paul Volcker’s Federal Reserve tackle it 40 years ago?
vox.com/future-perfect/2022/7/13/23188455/inflation-paul-volcker-shock-recession-1970s
Inflation is soaring. How did Paul Volcker’s Federal Reserve tackle it 40 ...
Profile picture of Financial Post
Lockstep markets primed for all-or-nothing Powell sweepstake: The potential for marketwide shock is sky high
financialpost.com/investing/lockstep-markets-primed-for-all-or-nothing-powell-sweepstake
Lockstep markets primed for all-or-nothing Powell sweepstake
Profile picture of New York Post
Mortgage rates jump past 7% for the first time in 2024, posing big dilemma for homebuyers
nypost.com/2024/04/18/business/mortgage-rates-jump-past-7-for-the-first-time-in-2024-posing-big-dilemma-for-homebuyers/
Mortgage rates jump past 7% for the first time in 2024, posing big dilemma ...
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
  • US mortgage rates have surged above 7%, increasing costs for homebuyers.

  • The rise in mortgage rates impacts monthly costs, limiting purchasing power.

  • Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.

  • Experts anticipate a moderate easing of mortgage rates later in the year.
Profile picture of Quartz
'Net interest income' has Wall Street worried right now. Here's what it is and why it matters
qz.com/net-interest-income-nii-bank-earnings-fed-interest-rate-1851416810
'Net interest income' has Wall Street worried right now. Here's what it is ...
Profile picture of Quartz
Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week
qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885
Mortgage rates are rising again as inflation fears mount
Profile picture of Insider (news website)
Stock market today: S&P 500 hits 4-day losing streak as tech drops: The S&P 500 notched its fourth-straight day of losses as Nvidia, Meta, and other tech names ...
markets.businessinsider.com/news/stocks/stock-market-today-sp500-tech-fed-rate-cuts-outlook-inflation-powell-2024-4
Stock market today: S&P 500 hits 4-day losing streak as tech drops
Quick Glance: Powell Warns of Lack of Progress on Inflation
  • Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

  • Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

  • Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

  • Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
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Single-Dose Zilebesiran Cuts BP Out to 6 Months: KARDIA-2: This phase 2 study supports the potential for combining biannual dosing of zilebesiran with ...
medscape.com/viewarticle/single-dose-zilebesiran-cuts-bp-out-6-months-kardia-2-2024a100073r
Single-Dose Zilebesiran Cuts BP Out to 6 Months: KARDIA-2
Quick Glance: Zilebesiran: Long-Term Blood Pressure Reduction in KARDIA-2
  • Administering a single subcutaneous dose of the RNA interference agent zilebesiran resulted in significant decreases in systolic blood pressure compared to placebo at 3 months when incorporated into a standard antihypertensive therapy in the KARDIA-2 study.

  • These effects persisted for up to 6 months in the majority of patients, despite the addition of supplementary antihypertensive treatment.

  • Regarding side effects, treatment with zilebesiran was linked to higher rates of mild hyperkalemia, hypotension, and a decrease in estimated glomerular filtration rate, with most cases being non-severe, temporary, and resolving without intervention.

  • The detailed outcomes of the KARDIA-2 study were unveiled by Akshay Desai, MD, a cardiologist at Brigham and Women's Hospital in Boston, Massachusetts, during the recent American College of Cardiology Annual Scientific Session held in Atlanta, Georgia.
Profile picture of Reuters
Wall St slips as dour earnings, chip stocks weigh: U.S. stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate ...
reuters.com/markets/us/futures-inch-up-megacap-support-earnings-fed-comments-tap-2024-04-17/
Wall St slips as dour earnings, chip stocks weigh
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Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
cnbc.com/2024/04/16/powell-cites-lack-of-progress-this-year-in-reaching-feds-inflation-goal.html
Fed Chair Powell says there has been a 'lack of further progress' this ...
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Watch Fed Chair Powell speak live during a policy forum in Washington: Fed Chair Jerome Powell speaks to the Wilson Center's Washington Forum on the Canadian ...
cnbc.com/2024/04/16/watch-fed-chair-powell-speak-live-during-a-policy-forum-in-washington.html
Watch Fed Chair Powell speak live during a policy forum in Washington
Profile picture of Reuters
US stocks closed lower on Tuesday as Fed Chair Jerome Powell dashed investors’ hopes of meaningful interest rate cuts this year www.reuters.com/markets/us/futures-ease-bond-yields-stay-elevated-amid-middle-east-tensions-2024-04-16/
Profile picture of Insider (news website)
Stock market today: Indexes mixed amid hawkish Fedspeak, yield spike: "Fed Chair Powell moved more decidedly in a hawkish direction," Quincy Krosby ...
markets.businessinsider.com/news/stocks/stock-market-today-hawkish-powell-fed-rate-cuts-outlook-yields-2024-4
Stock market today: Indexes mixed amid hawkish Fedspeak, yield spike
Profile picture of Reuters
Fed chair Jerome Powell witnessed stronger-than-expected inflation numbers for the third time. With an election looming and price growth still high ... Show more   www.reuters.com/breakingviews/powells-rate-cuts-may-go-steady-steep-2024-04-10/
Profile picture of Yahoo Finance
Jay Powell really wants Americans to know that the Fed is not taking into account the presidential election or politics this year when setting monetary policy ... Show more   finance.yahoo.com/news/jay-powell-really-wants-americans-to-know-he-is-not-thinking-about-politics-141528564.html
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North Wales teen with rare condition that makes her exhausted just standing up: Hannah Popey is refusing to be cowed by her illness after being saved by her love ...
dailypost.co.uk/news/north-wales-news/north-wales-teen-rare-condition-29014056
North Wales teen with rare condition that makes her exhausted just ...
Profile picture of Bloomberg
US Economy Has 'Expanded Slightly' Since Late February, Fed Beige Book Says
bloomberg.com/news/articles/2024-04-17/us-economy-expands-slightly-inflation-modest-fed-beige-book
US Economy Has 'Expanded Slightly' Since Late February ...
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Biden's bad news on inflation: Inflation is rearing its ugly head again and it's a nightmare for Biden on several fronts.
axios.com/2024/04/10/cpi-inflation-report-biden-march
Biden's bad news on inflation
Profile picture of The Globe and Mail
Volatility uncorked as U.S. solo surge unleashes dollar: An almost eerie period of low financial market volatility appears to be ending
theglobeandmail.com/investing/article-volatility-uncorked-as-us-solo-surge-unleashes-dollar/
Volatility uncorked as U.S. solo surge unleashes dollar
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Morning Update: Ottawa raises capital-gains tax to fund budget’s billions in new spending
theglobeandmail.com/canada/article-morning-update-ottawa-raises-capital-gains-tax-to-fund-budgets/
Morning Update: Ottawa raises capital-gains tax to fund budget’s billions ...
Profile picture of The Guardian
Knife by Salman Rushdie review – a story of hatred defeated by love: A book its author ‘would much rather not have needed to write’ ranges far beyond his ...
theguardian.com/books/2024/apr/15/knife-by-salman-rushdie-review-a-story-of-hatred-defeated-by-love
Knife by Salman Rushdie review – a story of hatred defeated by love
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Opinion | Why Is the Federal Reserve Always Surprised by Inflation?: The central bank owes the public an explanation—and a serious effort to correct its flawed ...
wsj.com/articles/why-is-the-federal-reserve-always-surprised-by-inflation-jerome-powell-guidance-7efcad64
Opinion | Why Is the Federal Reserve Always Surprised by Inflation?
Profile picture of Irish Independent
Influencer Miriam Mullins got the “biggest shock” as her boyfriend Tiaan Heyns proposed to her in South Africa. The couple, who live together in County Cork ... Show more
Profile picture of Birmingham Live
There's fury over a mountain of fly-tipping dumped on a road in Dudley. Building rubble, mattresses, furniture and car tyres have been discarded - sparking ... Show more
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Chester city centre Sainsbury's Local store to close: A Chester city centre supermarket store is to close its doors later this year, affecting 14 staff.
chesterstandard.co.uk/news/24264812.chester-city-centre-sainsburys-local-store-close/
Chester city centre Sainsbury's Local store to close
Profile picture of The Hollywood Reporter
“To Have Them Disappear Is Devastating”: Doc Filmmakers Reckon With Participant’s Abrupt End
hollywoodreporter.com/business/business-news/documentary-filmmakers-participant-media-1235877539/
“To Have Them Disappear Is Devastating”: Doc Filmmakers Reckon With ...
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Disappointment in Steinfurt: Reactions to the awarding of the State Garden Show 2029
wn.de/muensterland/kreis-steinfurt/steinfurt/steinfurt-bewerbung-laga-2029-gescheitert-reaktionen-2960152
Disappointment in Steinfurt: Reactions to the awarding of the State Garden ...
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Truck accident after circulatory collapse: driver dies: Truck accident after circulatory collapse: driver dies - Kaiserslautern - THE RHEINPALAZZ
rheinpfalz.de/lokal/pfalz-ticker_artikel,-lkw-unfall-nach-kreislaufzusammenbruch-fahrer-stirbt-_arid,5638155.html
Truck accident after circulatory collapse: driver dies
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WATCH: Canadians in Ontario and Quebec are feeling the pain of sticker shock at the pumps, where gas prices reached a two-year high overnight with little ... Show more   globalnews.ca/news/10432607/gas-prices-surge-april-2024/
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The family of the late Sergeant Rose Nyawira in Kagio, Kirinyaga County, says they are still in shock and that the death of their daughter is a big blow to the ... Show more
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Taca's soul farm in shock: chickens in Anröchte bitten and hunted to death: Anröchte - It's a small spot in the middle of Anröchte where rabbits and hedgehogs ...
derpatriot.de/artikel/erwitte/huehner-in-anroechte-zu-tode-gebissen-und-gejagt.html
Taca's soul farm in shock: chickens in Anröchte bitten and hunted to death
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Shock for Kevin Costner fans: After 39 years, the Yellowstone star gets a new voice (for a huge western epic)
moviepilot.de/news/schock-fuer-kevin-costner-fans-nach-39-jahren-bekommt-der-yellowstone-star-neue-synchronstimme-fuer-gewaltiges-western-epos-1146874
Shock for Kevin Costner fans: After 39 years, the Yellowstone star gets a ...
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MAFS bride Eden breaks silence on split with Jayden with heartwrenching message: Married At First Sight Australia couple Eden and Jayden took to Instagram to ...
mirror.co.uk/3am/celebrity-news/mafs-australia-jayden-eden-split-32623056
MAFS bride Eden breaks silence on split with Jayden with heartwrenching ...
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It wasn't until late on Wednesday evening that the story made the rounds: The Edeka market in Frankenholz was set to close ... Show more   www.saarbruecker-zeitung.de/saarland/saar-pfalz-kreis/bexbach/schock-fuer-frankenholz-edeka-markt-schliesst-stadt-bexbach-wehrt-sich_aid-110981383
Profile picture of Devon Live
Man choked to death on conkers after being left unsupervised: Marcus Hanlin, 57, was a resident at a nursing home where his mother says he was on a support plan ...
devonlive.com/news/uk-world-news/man-choked-death-conkers-after-9233829
Man choked to death on conkers after being left unsupervised
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The People’s Say The loss of eleven innocent lives at the Neonatal Unit of the Port of Spain General Hospital, between February 22nd to April 9th ... Show more
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Car and puppy stolen: Wolfsburg police catch suspect: This act caused a huge shock to a woman from Wolfsburg: her car and the puppies in it were stolen ...
waz-online.de/lokales/wolfsburg/auto-samt-hundewelpen-gestohlen-polizei-wolfsburg-fasst-verdaechtigen-JFMOTGJUZVCAVAHGOPK2QZWODQ.html
Car and puppy stolen: Wolfsburg police catch suspect
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“The entire community is in shock”: Popular farmer from Peiß dies after a tragic accident
merkur.de/lokales/muenchen-lk/aying-ort28266/schock-ganze-gemeinde-steht-unter-93014688.html
“The entire community is in shock”: Popular farmer from Peiß dies after a ...
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Olivia Munn opens up about her medically-induced menopause following breast cancer diagnosis
marieclaire.co.uk/celebrity-news/olivia-munn-medically-induced-menopause-cancer-diagnosis
Olivia Munn opens up about her medically-induced menopause following ...
Profile picture of The Times
‘Superior’ female taste buds give novice the edge in whisky business: Women may be better than men at discerning flavours, research suggests
thetimes.co.uk/article/superior-female-taste-buds-give-novice-the-edge-in-whisky-business-27wqk36qp
‘Superior’ female taste buds give novice the edge in whisky business
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Outer walls of burned-out half of the stock exchange collapsed: Moments earlier, emergency services were trying to stabilize the walls of the historic stock ...
ga.de/news/panorama/aussenmauern-ausgebrannter-haelfte-der-boerse-eingestuerzt_aid-110925389
Outer walls of burned-out half of the stock exchange collapsed
Profile picture of The Independent
Molly-Mae Hague and Tommy Fury involved in car accident as star left in shock: Couple, who met on ‘Love Island’, were left ‘flustered’ after ‘little’ crash
independent.co.uk/life-style/molly-mae-hague-tommy-fury-car-accident-b2530684.html
Molly-Mae Hague and Tommy Fury involved in car accident as star left in ...
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Fed officials cast doubt on rate cuts, inflation path in 2024: Powell warned earlier this week that rate cuts could be delayed, with his colleagues echoing that ...
businessinsider.com/fed-rate-cuts-delay-powell-inflation-economy-money-monetary-policy-2024-4
Fed officials cast doubt on rate cuts, inflation path in 2024
Profile picture of WION
I kept sliding: Former Aussie captain Meg Lanning opens up on health battles that prompted shock retirement
wionews.com/sports/i-kept-sliding-former-aussie-captain-meg-lanning-opens-up-on-health-battles-that-prompted-shock-retirement-712573
I kept sliding: Former Aussie captain Meg Lanning opens up on health ...
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Fatal accident concerns residents and politicians in Lorch: After a fatal accident at the exit from the B42 in Bächergrund and Binger Weg ...
wiesbadener-kurier.de/lokales/kreis-rheingau-taunus/lorch-kreis-rheingau-taunus/toedlicher-unfall-beschaeftigt-in-lorch-anwohner-und-politik-3501091
Fatal accident concerns residents and politicians in Lorch
Profile picture of Wirtschaftswoche
High Inflation: The Reality Check on the Stock Exchanges: The mood on the stock markets has changed: many people had dismissed inflation too early ...
wiwo.de/politik/konjunktur/editorial-inflation-zeit-des-erwachens/29761904.html
High Inflation: The Reality Check on the Stock Exchanges
Profile picture of Grazia
When Rebel Wilson revealed in her new memoir that she had sex for the first time at 35, there was an influx of commentary online expressing shock and dismay - ... Show more
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Shock in the Düren district administration: The highest paid employee is suspected of being part of a criminal smuggling network ... Show more   link.az-web.de/haftbefehl-dueren-fb
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43-year-old Burnley man jailed for burgling live music bar Sanctuary: A 43-year-old man has been jailed for six months for burgling a live music bar in Burnley.
burnleyexpress.net/news/crime/43-year-old-burnley-man-jailed-for-burgling-live-music-bar-sanctuary-4595850
43-year-old Burnley man jailed for burgling live music bar Sanctuary
Profile picture of Insider (news website)
Stock market today: S&P 500 hits 4-day losing streak as tech drops: The S&P 500 notched its fourth-straight day of losses as Nvidia, Meta, and other tech names ...
markets.businessinsider.com/news/stocks/stock-market-today-sp500-tech-fed-rate-cuts-outlook-inflation-powell-2024-4
Stock market today: S&P 500 hits 4-day losing streak as tech drops
Quick Glance: Powell Warns of Lack of Progress on Inflation
  • Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

  • Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

  • Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

  • Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.