Last month, overall U.S. inflation came in at 4.9 percent. While it is the slowest since April 2021, it is still above the 2 percent Fed target rate. Inflation clocked in at 5 percent in March.
Tag: U.S. economy
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ECONOMIC UPDATE – MARKET OVERVIEW
It’s a global economic freak show. Add up the numbers. Take a trip to Argentina. With inflation running at over 100 percent and its peso down 23 percent against the U.S. dollar, Argentina’s central banksters raised its key interest rate yesterday by six percentage points to 97 percent.
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ECONOMIC UPDATE—MARKET OVERVIEW
It’s a numbers game. And of course like most games, those dealing the cards can rig the game. Oh what wonderful news last week. With more jobs created than The Street anticipated, equity markets soared on the “news” that despite the Bankster Bandits raising interest rates for the 10th time in a row, nonfarm payrolls increased 253,000 for April.
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ECONOMIC UPDATE – MARKET OVERVIEW
The big news on The Street is that after yesterday’s collapse of First Republic Bank, the second largest bank failure in U.S. history which followed the third largest bank failure in U.S. history when Silicon Valley Bank went bust on 10 March—two days before the fourth largest bank failure in U.S. history when Signature Bank went under—is that Happy Days are Here again... and everything is just fine.
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SPOTLIGHT: OFFICE BUILDING BUST
The combination of the remote-work revolution and rising interest rates “could be worse than anything corporate landlords have experienced before,” The New York Times said in a 26 April analysis.
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ECONOMIC UPDATE – MARKET OVERVIEW
Last Friday, Moody’s Investors Service downgraded regional lenders, including U.S. Bancorp, Zions Bancorp, Bank of Hawaii Corp., Washington Federal Inc., Western Alliance Bancorp, Associated Banc-Corp., Comerica Inc., UMB Financial Corp., First Hawaiian Inc., Intrust Financial Corp., and First Republic.
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ECONOMIC UPDATE – MARKET OVERVIEW
Where is the U.S. economy headed? Will equities keep going up? Have gold prices hit their highs? Will inflation rise or fall?
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FED OFFICIALS: PUSH THOSE INTEREST RATES UP HIGHER AND FOR LONGER
The U.S. Federal Reserve should raise its key interest rate above 5 percent and leave it there until inflation shows clear signs of retreating, Loretta Mester, president of the Federal Bank of Cleveland, said in an 11 April speech at New York University.
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ECONOMIC UPDATE – MARKET OVERVIEW
Two weeks ago, the headline of Gerald Celente's Trends in the News video was “DEATH OF THE DOLLAR ON THE DOORSTEP.”
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Last week, federal bank regulators sold Silicon Valley Bank’s assets with a book value of $72 billion but they only fetched $55.5 billion from buyer First Citizens Bank, roughly 77 cents on the dollar.
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