This post originally appeared on April 2, 2023 PCE Rockets Market: On Friday, we got the new PCE report. That stands for Personal Consumption Expenditures and it’s the preferred measure of inflation for the Federal Reserve. While it doesn’t get the same attention as the Consumer Price Index (CPI), it’s probably more important in determining … Read more
Insight into the Newly Acquired SIVB, Consumer Confidence is Up, Alibaba Splits into Six Units, and PCE Cools (sort of). This week we witnessed the end of Silicon Valley Bank’s story, but also got new insight into what led it to fail earlier this month thanks to testimony from Fed Governor Michael Barr. There was … Read more
Gary Brode and Mark Rossano look at what now for the fed after last week’s rate decision. Is contagion just going to be limited to US banks or could the demise of Credit Suisse just be the tip of the iceberg and they look at the possibility of other industries and companies that could have … Read more
The Everyone Fails Again Version Bank failures, bank depositor bailouts, forced bank bailouts, CFOs who can’t evaluate risk, and bank risk managers who aren’t even trying to do their jobs. It’s the 5 Things to Know – Failure Edition! DKI continues to applaud intern, Dylan Kogan, who again makes a strong contribution to this week’s … Read more
The Higher for Longer – Plus Faster Version Jerome Powell does his version of the Six Million Dollar Man telling Congress rates will be higher for longer, and faster than many hoped. A stronger than expected economy continues to disappoint asset gatherers hoping for a return to bubble valuations. DKI continues to applaud intern, Dylan … Read more
This post originally appeared on March 7, 2023 This morning Jerome Powell spoke in front of Congress, and added to his usual talking points that the Federal Reserve would keep rates higher for longer. Today, noting the strong economic growth and low unemployment, Powell added that the Fed might accelerate rate increases. People have been … Read more
