by Ken Chase | Feb 3, 2024 | Market, News
Despite market expectations for imminent rate cuts, the Federal Reserve today confirmed its intent to leave interest rates at their current level. That marks the fourth straight pause on those rates, as inflation has continued to plague American consumers. Inflation...
by Ken Chase | Dec 21, 2023 | Market, News
Last week, the Federal Reserve decided to maintain its current interest rate posture. Fed Chair Jerome Powell told the press that the central bank is likely done raising rates. In addition, he said that officials had explored the topic of rate reductions in their...
by Ken Chase | Dec 7, 2023 | Market, News
Federal Reserve Chairman Jerome Powell seems to have dismissed any consideration of interest rate cuts any time soon. Powell made the remarks during a speech to an audience in Atlanta late last week. According to the Fed Chair, the Federal Open Market Committee...
by Ken Chase | Sep 20, 2023 | Banks, Market, News
The Bank for International Settlements has just warned global investors about the possibility of continued high interest rates. The BIS cautioned that continued high inflation would likely force the Federal Reserve and other central banks to keep rates at the current...
by Ken Chase | Nov 2, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes In an online interview Friday, Swiss National Bank Vice Chairman Martin Schlegel offered his support for Credit Suisse’s recently announced plans to restructure and raise $4 billion in capital from investors. Schlegel...
by Ken Chase | Nov 2, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes On Thursday, that Biden administration announced that U.S. gross domestic product (GDP) grew at an annualized rate of 2.6% in the third quarter of 2022. The Commerce Department released its advance third-quarter GDP...
