by Brian Pillmore | Aug 26, 2023 | Brian's Blog
US inflation 📈 took another leap in July Despite significant efforts to curtail it. The primary culprits? Rising costs in 🏠 housing , 🚗 car insurance , and 🍔 food. The inflation rate touched 3.2% over the year to July. This was a jump from June’s 3%, which was...
by Brian Pillmore | Aug 16, 2023 | Brian's Blog
The US central bank just cranked up those rates. Pretty wild, huh? Jerome Powell?Keeping cards close to his chest.Another rate rise in September? Maybe. Or… not. And the Brits? They’re thinking about joining the party! Loans might pinch the pocket a bit...
by Ken Chase | Apr 22, 2023 | Banks, News
In a news report released on April 21, Moody’s Investors Service downgraded the ratings of 11 regional banks. The company noted in its most recent assessment of the banking industry that the sector is continuing to experience instability due to high inflation and bank...
by Ken Chase | Apr 13, 2023 | Banks, News
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas recently told CNBC that the global economy continues to face severe challenges to growth. Despite an array of downside risks, however, he urged policy makers to continue to use the tools they...
by Ken Chase | Feb 21, 2023 | Banks, News
Estimated reading time: 2 minutes Major banks have recently weighed in with their expectations for additional Federal Reserve interest rate hikes, forecasting that the central bank will raise those rates three more times before the end of 2023. That’s according to...
