Mohamed El-Erian says regional banks are in a 'hospital' phase of turmoil, but a Fed policy mistake will drive them 'back into the ICU'
Depositors have yanked hundreds of billions of dollars out of regional lenders collectively this year, including PacWest and First Republic Bank. The latter, which catered to wealthy clients, failed earlier this month, and JPMorgan bought the bulk of its assets. to soaring inflation and then racing to cool inflation to its 2% target with fast rate hikes.
The 10th consecutive increase was issued in May and economists widely expect the US is heading into a recession. "We ignore the fact that we can't get the 2% inflation [target] easily and we go after it too quickly," he said. That would also create a"second set of patients," including non-banks in the financial sector such as businesses in the commercial real estate market.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Sleep, Circadian Rhythms, Delirium, and the ICUIs there sufficient evidence to support the use of Dexmedetomidine as an effective sleep aid for patients in the ICU?
続きを読む »
New York Empire State factory gauge plummets in May deep into negative territoryThe New York Fed’s Empire State business conditions index plunged 42.6 points in May to negative 31.8, the regional Fed bank said Monday.
続きを読む »
CNN's 'What happened to San Francisco?' special comes up short“'San Franciscans are fed up' is old news and incomplete reporting in 2023, yet that’s as far as CNN went.”
続きを読む »
Fed's Bostic: Pressure on Fed will be 'enormous' if unemployment starts to rise, inflation remains stickyFed's Bostic: Pressure on Fed will be “enormous” if unemployment starts to rise, inflation remains sticky – by anilpanchal7 Fed RiskAppetite Inflation Employment NewsTrading
続きを読む »
Fed's Bostic: We may have to go up on ratesAtlanta Fed President Raphael Bostic told CNBC on Monday that there is still a long distance to go on inflation and added that they may have to 'go up
続きを読む »
Fed's Goolsbee: A lot of impact of rate hikes is still in the pipelineIn an interview with CNBC on Monday, Chicago Federal Reserve Bank President Austan Goolsbee said that they need to monitor more than normal data sets
続きを読む »