The Federal Home Loans Bank: Due for an Update?
After 90 years the Federal Home Loans Act has only been amended to add more members once in 1989. US officials are looking to do so again but should consider updating more than just the member base.
Disaster Recovery: The Next Market Darling After Tech?
As wildfire and storms batter the country some sectors will flourish under the banner of disaster capitalism and will continue to benefit as specific sectors play an important role in disaster recovery.
The Basel III Endgame: Coming to GSIBs Near You
The Fed is having a busy year, battling inflation, closing regional banks, updating the national payment system, and now preparing the US for the Basel III Endgame. The Fed’s proposal to roll out adjustments to capital and liquidity requirements is out now and up for discussion until the end of this November.
Oil, Food, and Labor: Obstacles to the US’ Soft-Landing
As the Federal Reserve grapples with the persistent battle against inflation, another set of critical concerns is emerging on the horizon that could potentially disrupt the much sought-after soft-landing for the US economy. The spotlight is now on three pivotal factors: Oil, Food, and Labor.
Bailing Ourselves Out: Saving the Economy with Savings
The US savings rate fell close to 15 year lows in October 2022 at 2.3% and is now around 4% in mid 2023 but still currently below the long term average US savings rate of approximately 8.8%. With Apple’s new high yield savings account gaining traction and interest rates on the rise, the nation’s financial landscape is looking to move on from the shock of the pandemic.
Fed Likely to Lead US to a Soft Landing – Luck or Skill?
Fed Chair Jerome Powell’s recent announcement brings a glimmer of relief as his staff stops forecasting a recession for the US. The good news is that a “soft landing” for US inflation issues appears more likely, meaning inflation might decrease without significant job losses. However, there’s “a lot left to go” before Wall Street revs up its engines!