No sign of a credit crunch: Banks lend more money and deposits rise, too
Banks increased lending last week and deposits rose for the first time in a month, showing little evidence of an emerging credit crunch in the U.S. banking system.
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Banks increased lending last week and deposits rose for the first time in a month, showing little evidence of an emerging credit crunch in the U.S. banking system.
The amount of money U.S. banks borrowed from the Federal Reserve barely changed last week, but it was still close to $100 billion and pointed to linger stress in the financial system.
Boston Fed President Collins said signs of waning inflation suggest the central bank may be "at, or near, the point" where it can stop raising interest rates.
Several Fed officials at the May meeting said that further interest rate hikes may not be needed, minutes of the meeting released Wednesday showed.
Federal Reserve Gov. Chris Waller is undecided on whether to support another increase in U.S. interest rates in June, but he won't back a "pause," either.
What is the script the Federal Reserve will follow if the debt ceiling is breached? Here are some educated guesses.
San Francisco Fed President Mary Daly said Monday it was important for the Fed to keep an open mind when it meets in mid-June.
St. Louis Fed President James Bullard on Monday said he would like to see two more 25-basis-point rate hikes this year.
Minneapolis Fed President Neel Kashkari says he's open to pausing rate hikes at the Fed's next meeting in order to buy time to assess the inflation outlook and the effects of more than a year of rate increases.
Fed Chairman Jerome Powell said Friday that economic data so far confirms the central bank's view that future progress on bringing down inflation will be slow.
New York Fed President John Williams on Friday said there is no evidence that the era of very low natural rates of interest has ended.
The financial market thinks the Fed will come to the rescue and cut rates if there is a recession, but many economists say this view is misguided.
Two fed officials, speaking separately Thursday, demonstrated the debate that is raging ahead of the June meeting.
Richmond Fed President Thomas Barkin said Tuesday he welcomes the option to either pause or hike interest rates at the June meeting.
Atlanta Fed President Raphael Bostic said Monday that it would be appropriate for the central bank to pause interest-rate hikes at its June meeting.
Many inflation measures are now higher than they were a year ago, said St. Louis Fed President James Bullard on Friday.
Federal Reserve Gov. Michelle Bowman on Friday backed more interest rate hikes if inflation remains high and the labor market remains tight.
Minneapolis Fed President Neel Kashkari said Thursday he was watching the intersection of inflation, interest-rate policy and then the impact on banks.
New York Federal Reserve President John Williams said Tuesday he is seeing more signs of a further tightening of credit in the wake of the collapse of Silicon Valley Bank, but added it is hard tell how big a tightening it ...
One of the biggest near-term risks to the financial system would be if inflation pressures were more stubborn than expected, a Fed report said Monday.