The cost of shelter is driving more than 70% of inflation right now, according to the Bureau of Labor Statistics. So what gives?
An explanation of the CRB raw industrials spot price index, a “predictor” of macroeconomic trends.
Regulators didn’t catch Silicon Valley Bank before it failed. What can they do to catch others?
The Summary of Economic Projections lays out what Fed leaders are thinking.
“We’ve just seen an uptick in moral hazard,” Daniel Tarullo says of the U.S. government covering uninsured deposits.
The feds didn’t take possession of Silicon Valley Bank and Signature Bank. That was up to state regulators in California and New York.
The collapsed banks were granted a “systemic risk exception,” which means the Federal Deposit Insurance Corp. can guarantee uninsured deposits.
The rollback of Dodd-Frank reforms exempted many of the country’s largest banks from stricter regulations put in place after 2008.
As the government moved to backstop depositors affected by the collapse of Silicon Valley Bank and Signature Bank, surviving banks will end up footing the costs, says Laurie Stewart at Sound Community Bank in Seattle.
Viral terms like “bank run” do not help when we’re already looking at high prices, rising interest rates and big layoffs in tech.
