The third domino is falling First Republic Bank has lit up the radar screen. Like most dump shit bankers they locked in their capital at 1% interest rates… To show how fucked in the head they are as they sought gender equality and rescue people trapped in the wrong body. They forgot their job was …
Continue reading “A Debt Crises is Coming…… And the banker assholes are to blame”
Markets remain on edge, as data on inflation reinforced expectations of a Federal Reserve interest rate hike next week, and possibly in June. The personal consumption expenditures price index excluding food and energy, one of the Fed’s preferred inflation gauges, rose 0.3% in March for a second month. Compared with a year ago, the …
This is a video based on a show from Paul Harvey first aired in 1965. Below are some bullet points. He predicted all this in 1965 To the young, I would whisper that ‘The Bible is a myth I’d threaten TV with dirtier movies I’d pedal narcotics to whom I could I’d tranquilize the rest …
U.S. officials are coordinating urgent talks to rescue First Republic Bank (FRC.N) as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve are among government bodies that have in recent …
azon cloud warning takes shine off robust tech reports Core PCE Inflation reinforces case for another Fed rate hike US equity futures retreated as a rally in tech stocks lost steam and persistent inflationary pressures cemented expectations for higher rates in the US and Europe. Treasuries advanced. Contracts on the S&P 500 and the …
Continue reading “US Futures Drop as Inflation Data Cements Fed Hike:”
Personal consumption expenditures (PCE) increased by $8.2 billion in the United States in February compared to the previous month, the Bureau of Economic Analysis said on Friday. Personal income grew by $67.9 billion or 0.3% on a monthly basis. The PCE price index rose by 0.1% from February and 4.2% compared to March 2022. The …
Continue reading “The PCE price index rose 4.2% YoY core UP 4.6% the FED is not happy”
OPEC replied to a warning from the IEA to not cut production too much. On Tuesday, OPEC issued a warning of its own to the IEA: your calls to stop investing in oil and gas is what could lead to future price volatility. IEA Chief Birol said on Wednesday that the global economy is …
Continue reading “OPEC Bites Back At IEA Over Production Cut Warning”
West Texas Intermediate steadied near $75 a barrel after closing 0.6 percent higher on Thursday. Investors see US inflation continuing to accelerate, bolstering expectations the Federal Reserve will be forced to keep raising rates, making a recession more likely. Falling refiner profit margins in Asia are also signaling demand weakness in the biggest oil-importing region. …
United States Treasury yields rose on Thursday after the latest GDP report showed that the personal consumption expenditures (PCE) price index rose by 4.2% in the first quarter of 2023 compared to a 3.7% increase documented in the fourth quarter of 2022. The core PCE inflation, which the Federal Reserve uses as its main indicator …
Continue reading “US Treasury yields up after Q1 PCE inflation accelerates”
Inventories dented GDP, tempering surge in consumer spending Fed’s preferred underlying price gauge rose more than forecast US economic growth slowed in the first quarter by more than expected as tepid business investment and a pullback in inventories tempered a pickup in consumer spending. Gross domestic product rose at a 1.1% annualized rate on the …
Continue reading “US Economic Growth Slows to 1.1%…… PCE Inflation Accelerated at a whopping 4.9%”