The Latest Breaking News from US Federal Reserve

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

Although inflation continues to ease, it remains elevated, impacting new vehicle sales. Concerns over aggressive rate hikes and impending recession are expected to keep the auto industry under pressure. Therefore, it could be best to avoid fundamentally weak stocks NIO (NIO), Lucid Group (LCID), Rivian Automotive (RIVN), and Workhorse Group…

Critics say Mike Crapo's law exempting SVB and others from stricter requirements led to collapse

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…

Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation

U.S. regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system.

Douglas Diamond warned in October that the Fed’s policies of raising rates at a virtually unprecedented pace would trigger dangerously big losses in the bond portfolios of companies and banks.

The demise of Silicon Valley Bank has put the U.S. government into an uncomfortable position, backstopping depositors like never before to prevent a broader and potentially devastating bank run.

Douglas Diamond says SVB violated the most basic rule of banking.

Asian stock markets have tumbled after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders

Federal regulators seeking to sell bank