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The FDIC announced it seized First Republic Bank and that JPMorgan Chase would be purchasing the bank’s assets and deposits. Barron’s reporter Megan Cassella… ....
Data released Wednesday shows the Consumer Price iIdex rose 0.1% in the month of March, beating estimates from Dow Jones. Barron’s economics and politics senior writer Megan Cassella joined CBS News’ Omar Villafranca to discuss the latest inflation data and what it could mean ahead of the Federal Reserve meeting in May. Source ....
New data shows some European nations are seeing inflation slow to its lowest level in a year. However, the same report shows upward pressure on prices and a rise in core inflation. CBS News anchors Weijia Jiang and Jim Axelrod spoke with Barron’s reporter Megan Cassella about what this means for policymakers trying to stabilize . ....
Vice Chair for Supervision Michael Barr, who testifies before the Senate on Tuesday, says supervisors knew of issues at Silicon Valley Bank for years before its collapse. ....