Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding interest rates.
Category: Finance News
Mohamed El-Erian says the Fed’s credibility is at stake as financial accidents spread
The chief economic advisor at Allianz said the Fed’s credibility is on the line, as a wipeout of Credit Suisse shares adds to a growing crisis.
Wholesale prices post unexpected decline of 0.1% in February; retail sales fall
The producer price index was expected to increase 0.3% in February, according to Dow Jones estimates.
Financial shares fall as Credit Suisse becomes latest crisis for the sector
Wells Fargo, Citigroup and key regional bank stocks were among the names under pressure on Wednesday.
Larry Fink says more bank seizures could come, but it’s too early to know how widespread crisis is
BlackRock CEO Larry Fink said the banking crisis brought on by the collapse of Silicon Valley Bank could spread and worsen.
Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & more
Shares of Credit Suisse and several other European banks were halted from trading as prices plummeted.
Retail egg prices fell in February — but the price drop may not last long
The average retail price of eggs fell in February for the first time in months but may rise again as Easter approaches, experts said.
Credit Suisse shares slide 21%, trading halted after Saudi backer rules out further assistance
Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day as the bank’s biggest backer says it can’t provide more financial help.
Credit Suisse chairman says Silicon Valley Bank crisis looks ‘local and contained’
On Friday, SVB was taken over by regulators after massive withdrawals a day earlier effectively created a bank run.
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a “boatload of uncertainty” said Mark Zandi of Moody’s Analytics.