Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
Category: Banking and Financial Institutions
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Central Banks Brace for Inflation as Energy Prices Surge
The New York Times – Business: -
Powell Says He Will Remain as Fed Chair Until Successor Is Confirmed
The New York Times – Business:Jerome H. Powell, who leads the central bank, also said he would not leave the Fed until a criminal investigation into his handling of renovations was over.
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Iran War Risks Sharpening Fed Divisions Over Rate Cuts
The New York Times – Business:The Federal Reserve is set to hold interest rates steady this week as officials grapple with a host of new economic risks stemming from the conflict in the Middle East.
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Justice Dept. Legal Threat Complicates Trump’s Pick for Fed Chair
The New York Times – Business:An investigation of the Federal Reserve was thwarted on Friday, but a department appeal could reimpose an obstacle in Kevin Warsh’s path.
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Fears of ‘Cockroaches’ in the Private Credit Market
The New York Times – Business:Wall Street figures are turning to colorful metaphors, including invoking the hated insect, to express caution about the $3 trillion risky-lending market.
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Consumer Prices Rose in January, Before Iran War Added Price Pressures
The New York Times – Business:The Federal Reserve’s preferred gauge for inflation increased 2.8 percent annually and economists expect another bump in prices in the near-term.
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Banking Regulators Plan to Ease Some Capital Requirements
The New York Times – Business:The Federal Reserve and other financial regulators will soon release proposals to loosen some planned rules on how much capital banks must hold in reserve to mitigate risks.
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Karen Petrou, Influential Fiscal Policy Analyst and Critic, Dies at 72
The New York Times – Business:Her insights on financial regulations and monetary policy guided big banks and Washington policymakers.
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U.S. Reaches Tentative Deal Ending Prosecution of Turkish Bank
The New York Times – Business:Court papers submitted as part of the agreement with Halkbank, which was accused of doing business with Iranian entities, said Turkey’s assistance “was instrumental” in the Israel-Hamas cease-fire.
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Wall Street Faces Its Biggest Crisis of Confidence in Years
The New York Times – Business:Lending troubles at Blue Owl Capital and other so-called private credit behemoths are setting off fears of a “bank run,” as one hedge fund put it.
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MrBeast Is Getting Into Financial Services With His Step App. Parents, Pay Attention.
The New York Times – Business:Beast Industries has acquired a banklike app for young people and could eventually offer a variety of financial services, including crypto.