The Latest Breaking News from the Federal Reserve

First Republic is the fourth bank in a week to show signs of financial distress. What does this mean for Australian interest rates – and mortgages?

The uninsured deposits from 11 big banks into First Republic Bank are seen as a vote of confidence in the San Francisco-based firm with $176.4 billion in deposits.

Cash-short banks have borrowed about $300 billion in emergency funding from the Federal Reserve in the past week, the Fed announced

The warning signs were all there

Days after the failure of two regional banks shook the financial industry, lawmakers say they want answers but disagree on what role Congress should play right now.

The average long-term U.S. mortgage inched back down this week after five straight weeks of increases, good news for homebuyers as the housing market’s all-important spring buying season gets underway

Treasury chief tells lawmakers customers ‘can feel confident that their deposits will be there when they need them’.

The Fed will likely go ahead with a smaller interest rate hike next week to stabilize the financial sector. This could give growth stocks some relief from the continued sell-off. Therefore, it could be wise to buy fundamentally strong growth stocks Salesforce (CRM), Extreme Networks (EXTR), and Cars.com (CARS). Read…

Despite the banking industry crisis, the Fed is expected to launch another rate hike next week as it remains committed to bringing inflation down. Therefore, fundamentally weak stocks Snap (SNAP), Peloton Interactive (PTON), and Tilray Brands (TLRY) might be best avoided as they might plunge further. Keep reading.

Whether the economy slumps this year or not, California shouldn’t feel as much pain as the rest of the country.

Larry Fink, chief of the largest asset managers in the world, compared the SVB fallout to a "slow rolling crisis" similar to the Savings and Loan crisis.