The Federal Reserve warned in its semi-annual monetary report to Congress that tightening credit conditions could weigh on the U.S. economy this year.
The percentage of banks reporting stronger demand for commercial and industrial loans tumbled by 55.5% in the first three months of the year, the sharpest decline since 2009 during the global financial crisis.
Employees walk in front of a sign outside the shuttered Silicon Valley Bank headquarters in Santa Clara, Calif. Mid-sized banks are struggling, in part, from higher interest rates, which the Fed raised rapidly over the past year from near zero to more than 5%.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tether Allows Disclosure of Reserve Data Amidst Depeg Concerns | CoinMarketCapCryptoNews: Tether drops freedom of information opposition, allowing CoinDesk access to its reserve data, as $USDT imbalance in Curve's 3pool causes depeg concerns. 👀
Read more »
Economist Steve Hanke Warns of an 'Ugly' Recession Looming and Accuses Federal Reserve of Directionless Policies – Economics Bitcoin NewsEconomist Steve Hanke said he thinks the Fed “doesn’t know what it is doing” and he predicts an “ugly” recession in 2024. Inflation
Read more »
USD/TRY: Turkish Lira hovers around record low on mixed CBRT, Fed chattersUSD/TRY portrays indecision among the traders after refreshing the highest price ever recorded earlier in the week, making rounds to 23.65-70 heading
Read more »
EUR/USD stabilizes above 1.0900, more upside seems favored as Fed-ECB policy divergence narrowsEUR/USD stabilizes above 1.0900, more upside seems favored as Fed-ECB policy divergence narrows – by Sagar_Dua24 EURUSD ECB Fed Inflation Recession
Read more »
Bond yields edge higher as Fed officials set to take the stageBond yields edged higher Friday as Fed officials will get an opportunity to speak after data this week cooled expectations the central bank will have to take...
Read more »
US Dollar punished to a new monthly low on ECB-Fed divergenceThe US Dollar (USD) is on track for its worst monthly performance against the Euro after the European Central Bank (ECB) and its chairman Christine La
Read more »