Banking crisis threatens to ignite credit crunch for US households: What to know
Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.
IMF says risks to financial stability have increased, calls for vigilance
The International Monetary Fund has issued a warning that the risks to financial stability are rising.
Gas prices drop despite rising demand, tighter supply: AAA
Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.
Yellen convenes Friday meeting with top US regulators as crisis engulfs banking sector
The Financial Stability Oversight Council met on Friday morning amid continued fallout from a spate of bank failures and fears of a broader financial crisis.
Banks boost borrowing from Fed crisis lending programs amid global turmoil
The Federal Reserve's emergency bank lending ballooned again this week amid continued fallout from the collapse of Silicon Valley Bank and Signature Bank.
Jerome Powell's favorite bond market gauge flashes recession warning sign
A recession may be in the cards for the U.S. economy, and the Fed could soon cut interest rates, according to Jerome Powell's preferred bond market indicator.
New home sales rise in February for the third month in a row
A decline in mortgage rates helped to fuel a burst of new home sales in February as potential buyers rushed to take advantage cheaper borrowing costs.
Bill Ackman warns US economy headed for 'train wreck' after latest Fed rate hike
Hedge fund manager Bill Ackman sounds the alarm on the state of the U.S. economy amid a banking crisis and the Federal Reserve's fight against inflation.
Fed forges ahead with 25 basis point interest rate increase, signaling resolve to battle inflation
The Federal Reserve announced another 25 basis point interest rate increase, bringing the federal funds rate to a targeted range of 4.75% to 5%, the highest level in 15 years.
Americans' faith in banks drops after failures: poll
The confidence level in the banking sector among U.S. adults took a drastic hit this month following the upheaval in the industry.
Senator Warren blasts Fed’s Jerome Powell on banks, rates
Sen. Elizabeth Warren has made it clear she is not a fan of Federal Reserve Chair Jerome Powell, and took a few more swipes at him Friday over banks and interest rate hikes.
Fed's Powell warns banking crisis could tighten lending, slow US economy
Recent turmoil within the banking sector will further tighten credit for U.S. households, weighing down the U.S. economy amid already slowing growth.
Fed's Powell: Silicon Valley Bank management 'failed badly'
Federal Reserve Chairman Jerome Powell said Wednesday the management of Silicon Valley Bank "failed badly" by exposing the firm to substantial risks from its bond holdings and deposit base.
Fed raises interest rates a quarter point despite recent banking turmoil
The Fed is trying to balance its fight against inflation with a new crisis in the financial sector triggered by the collapse of Silicon Valley Bank earlier this month.
Home Depot founder shares 'brutal' truth about Fed, urges entire board to resign
Home Depot co-founder and billionaire entrepreneur Ken Langone goes on a rampage over the Federal Reserve's "painful" inflation response, and explains why the board should resign.
Fund managers worry systemic credit crunch could crash US markets
A Bank of America survey of fund managers shows that the threat of a systemic credit crunch is the newest threat to the market after two bank failures.
Stuart Varney: Biden's massive spending got US into a big financial mess
FOX Business' Stuart Varney says Biden and Jerome Powell are to blame for the banking crisis and high inflation due to nonstop spending and money printing.
Fed rate hikes will trigger a downturn of greater 'speed and magnitude' than the Great Recession: Economist
The market's bubble has now "burst," and will impact "everything everywhere all at once" in the U.S. economy, economists Stephanie Pomboy and Art Laffer argue.
UK inflation rate unexpectedly rises to 10.4% in February
Inflation in the U.K. rose more-than-expected to 10.4% in February as higher food and drink costs pushed up prices.
Ted Cruz introduces bill blocking Fed from adopting central bank digital currency
Senator Ted Cruz introduced legislation banning the Federal Reserve from moving forward with a central bank digital currency that would be available for use by consumers.



















