Page 18 - Basis Point News Today

Loonie at 73.88 U.S. cents

Loonie at 73.91 U.S. cents

East West Bancorp, Inc. , parent company of East West Bank, reported its financial results for the first quarter of 2023. First quarter 2023 net income was $322.4 million, or $2.27 per diluted... | April 20, 2023

Fact Check: Americans Hold Almost $30 Trillion In ‘Tappable’ Home Equity

Were going to see inflation decline. that was a huge set back and it wasnt just the fed we saw, but a small decline, we saw a significant acceleration. its the fight that was coming after two or three months of decent numbers so it is a real big set back. that means that ta bank of england doesnt really have the flexibility it otherwise may have. i think a 25 basis point rise is all but in. we had two things late month, in flight of the decent inflation data. i think the bank of england is in a ...

Central bank — saw with our federal reserve, the central bank in _ saw with our federal reserve, the central bank in the _ saw with our federal reserve, the central bank in the united - saw with our federal reserve, the central bank in the united states i central bank in the united states yesterday. — central bank in the united states yesterday, raising _ central bank in the united states yesterday, raising interest - central bank in the united states yesterday, raising interest ratesl centr...

This really is one of the most challenging decisions in jerome powells career. and it could really go a long way towards shaping his his legacy. now goldman sachs thinks that the fed is going to do nothing here. keep interest rates steady, trying to survey the damage in the banking industry, and thats what sheila bair things should happen to. but look at this over on wall street investors are actually coalescing around the idea that the fed is going to raise interest rates at last check about 85...

The banking system even worse so this is a very difficult position for them. and theres been a lot of debate about what theyre going to do. sheila bear wants them to kind of do nothing, hold steady, look at the damage before keep raising interest rates. goldman sachs predicts thats actually what theyre going to do. over on wall street, investors are starting to coalesce around the idea that theyre going to raise interest rates. at last, look, theres now an 87% chance priced into the market that ...

Bank, which is presumably one of the ones that yellen was referring to if not explicitly as, you know, if theres a run on the bank the federal government would come in. if you look at first republic banks stock, it has gone up today. it has been doing better. lots of other banking stocks also doing better today, presumably in light of that greater reassurance from the federal government. what all of this means for the federal reserve, i think we still dont know. there had been calls a week ago f...

Basis point jump from original prediction about recession, the recession debate aside, what is happening with republic is a push and pull. you have major banks, you have j.p. morgan, morgan stanley, wells fargo, goldman sachs bailing out first republic bank. depositing $30 billion to the bank trying to shore it up. what is interesting, there is criticism with janet yellen, of course she is going to go in front of congress and say the banking system is stable, of course she will do that, that is ...