Job openings fell more than expected in March to lowest level in nearly two years
Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. job…
The First Republic deal has come at a crucial point for the markets and economy
JPMorgan Chase’s takeover of First Republic likely ends the panic phase of the banking crisis, with the fallout left to…
Charlie Munger says the U.S. commercial property market is in trouble: FT report
Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times…
Fed report on SVB collapse faults bank’s managers — and central bank regulators
Silicon Valley Bank’s dramatic failure in early March was the product of mismanagement and supervisory missteps, compounded by a dose…
Key inflation gauge for the Fed rose 0.3% in March as expected
Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that…
U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing
Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation…
The banking crisis is having a slow-burn impact on the economy
A banking crisis that erupted less than two months ago now appears to be less a major broadside to the…
Fed Governor Bowman casts doubt on the need for a U.S. digital dollar
Federal Reserve Governor Michelle Bowman expressed skepticism over the possibility of a digital U.S. dollar, noting Tuesday the multiple risks…
Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’
Atlanta Federal Reserve President Raphael Bostic said Tuesday he envisions the central bank approving one more interest rate increase before…
Fed expects banking crisis to cause a recession this year, minutes show
WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…
