Federal Reserve

Fed says SVB itself was main cause of bank’s failure Fed says SVB itself was main cause of bank’s failure

Industry

Fed says SVB itself was main cause of bank’s failure

Official nonetheless pledged that the Federal Reserve and other agencies would take whatever steps deemed necessary to protect the banking system

By Christopher Rugaber, The Associated Press |March 27, 2023

4 min read

U.S. bank deposits shift sharply: Moody’s Fallback Image Decorative pattern

Economic Indicators

U.S. bank deposits shift sharply: Moody’s

Bank failures led to the largest growth in non-deposit borrowing on record

By James Langton |March 27, 2023

2 min read

Fed raises key rate by quarter point despite bank turmoil Fed raises key rate by quarter point despite bank turmoil

Economic Indicators

Fed raises key rate by quarter point despite bank turmoil

Inflation remains elevated, bank failures likely to “weigh on economic activity”

By Christopher Rugaber, The Associated Press |March 22, 2023

4 min read

Fed’s tough challenge: Confront inflation and bank jitters Fed’s tough challenge: Confront inflation and bank jitters

Economic Indicators

Fed’s tough challenge: Confront inflation and bank jitters

Most economists think the Fed will raise rates by a quarter-point on Wednesday

By Christopher Rugaber, The Associated Press |March 20, 2023

4 min read