Tag Archives: Markets

March 16, 2023
Markets

Regional Banks Are Not Out of the Woods
 |  Featured, Newsclips

First Republic is looking into a potential sale. This brings into question whether other regional banks are still at risk of losing deposits. These banks are critical sources of lending in the U.S., so any sustained loss of deposits would have a material effect on the economy. A hike in deposit rates and further FDIC assurances could help stem the outflows.... Read More

March 15, 2023
March 10, 2023
March 9, 2023
March 8, 2023
March 7, 2023
Markets

Latest on 2/10s Curve
Bespoke Commentary

Powell just finished, and here is the updated probability that the Fed will hike 50 next week. Go with the market probabilities, and you’ll be mistaken for Nostradamus. So much for the idea that nothing happens at these testimonies! The... Read More

March 3, 2023
February 22, 2023
February 21, 2023
Markets

A Big Change in Two Weeks
 |  Featured, Newsclips

Between the strong payroll report on February 2, the higher-than-expected inflation report on February 14, and the recent rise in used car prices, markets have repriced their expectations for Fed hikes significantly over the last two weeks. They now expected the Fed to hike above 5.25%, maybe as high as 6% by fall.... Read More

February 14, 2023
Markets

Things are on the move regarding the Fed…
Bespoke Commentary

So, the inflation rate gets to the high 2% or low 3% range by the release of the June report in July, then the base effect turns positive and inflation drifts up the rest of the year. To repeat, Powell could not be more clear, he is not raising the target rate above 2%. So the Fed keeps hiking beyond 5.25% to get to "sufficiently restrictive."... Read More

February 10, 2023
February 6, 2023
February 4, 2023
January 30, 2023
January 27, 2023