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Why CDs are music to banks' ears right now

Mar 27, 2023
Certificates of Deposit help banks bring in cash that they can use to make money by lending it at higher rates. Depositors may be looking to CDs as interest rates rise.
According to the Federal Reserve, the amount invested in large CDs — specifically, with accounts holding $100,000 or more — has gone up nearly 44% in the past year.
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Bank regulators face a grilling on Capitol Hill while calming markets and the public

Mar 27, 2023
Besides testifying in hearings, regulators need to get a few messages across, including that the system worked, a PR executive says.
"As far as the overall banking system is concerned, I do think that SVB was an outlier," said Anusha Chari, a professor at UNC Chapel Hill.
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Why some countries' central banks follow the Fed's lead

Mar 23, 2023
The U.S. Federal Reserve coordinates some operations — sometimes even interest rates changes — with other central banks. Here's how that works.
The Federal Reserve sometimes coordinates interest rate changes with other countries because in a global economy, it can’t achieve low inflation and maximum employment alone.
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Fed ups rates by quarter percentage point amid inflation worries and a bank crisis

Mar 23, 2023
Jerome Powell says the Fed is committed to getting inflation down to 2%.
Fed chair Jerome Powell announced further interest rate hikes Wednesday amid ongoing banking turmoil.
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Stress tests aim to reveal banks' weaknesses. More banks will probably have to run them.

Mar 22, 2023
But the probes can't uncover every problem before trouble erupts.
The Federal Reserve may have to modify its stress tests to account for the changing sources of stress on banks.
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How the Fed's rate hikes spelled trouble for banks like SVB

Mar 21, 2023
Why bonds lose value when the Fed hikes interest rates and what that has to do with banks.
Silicon Valley Bank was among the financial institutions for which rising interest rates on bonds spelled trouble.
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All eyes are on the Federal Reserve's next move in this "wobbly" economic moment

Mar 20, 2023
The inflation threat calls for one type of action, and the banking turmoil calls for another. How will the Fed respond?
Chairman Jerome Powell and other policymakers at the central bank will reveal their interest rate decision Wednesday. The Fed is also taking steps to stabilize the condition of regional banks and protect depositors.
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The banking crisis: What you actually need to know

Mar 17, 2023
Even if you don’t bank with Silicon Valley Bank or Signature Bank, the fallout from their collapse has probably grabbed your attention.
Given that the collapse of Silicon Valley Bank marked the largest bank failure since 2008, it can feel easy to draw comparisons to the start of the Great Recession.
Olivier Douliery/AFP via Getty Images
Fed Chair Jerome Powell has been used the phrase "financial conditions" 29 times in his last three press conferences.
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