Market Recap – March 13, 2023

Market Recap – March 13, 2023

After the failure of Silicon Valley Bank (“SVB”) last Friday and Signature Bank on Sunday (yesterday), the U.S. Treasury, FDIC and Federal Reserve are using emergency powers under the systemic risk exception to make whole all depositors, not just those with deposits...
Market Recap – March 13, 2023

Market Recap – March 20, 2023

The Fed’s Open Market Committee meets this week and will most likely decide to increase its Fed funds target another 25 basis points, bringing it to 4.75%-5%, while acknowledging their readiness to adjust rate increases if banking system stability requires it. The...
Market Recap – March 13, 2023

Market Recap – February 13, 2023

Financial markets are signaling their belief that the Fed can bring down inflation without putting the economy into recession and millions of people out of work – i.e. the “soft landing.” This Tuesday’s release of January CPI inflation data will test that belief....