The Latest Breaking News from Joseph Brusuelas

Michael Barr, the nation’s top banking regulator, said Silicon Valley Bank was warned in the fall of 2021 that its interest rate model was not ‘aligned with reality.’

The Federal Reserve Board may owe the banking crisis a thank-you note.

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April.

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.

Skyrocketing oil and gasoline prices have some Americans calling for a return to the pricing controls of the 1970s.

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% Friday morning after the Labor Department reported lackluster U.S. jobs market numbers from March.

For more than a year, the U.S. Federal Reserve reassured investors that post-COVID-19 pandemic inflationary pressures were transitory. However, Joseph Brusuelas, principal and chief economist for RSM US LLP, said Tuesday that the Russian invasion of Ukraine may have assured investors inflation is here to stay for at least the next…