Elizabeth Warren urges Fed’s Powell to ‘step back,’ recuse himself from SVB review
Democratic Sen. Elizabeth Warren tells FOX Business that some of Fed Chair Jerome Powell's banking policy "danger" has shown itself, and he should recuse himself.
The FDIC and your bank deposits: What to know
After the FDIC seized Silicon Valley Bank, some customers knew their money was insured, others were left hanging until regulators stepped in.
Stock market expert says Fed will pivot and cut rates 'very shortly'
After predicting a high probability of a market crash within the next 60 days, The Bear Trap Report's Larry McDonald weighs in on "the beast" that will now force Fed action.
Wholesale inflation unexpectedly falls 0.1% in February
The price producer index unexpectedly dropped in February, evidence that high inflation is beginning to ease, the Labor Department reported on Wednesday.
Inflation cools but interest rate and recession fears remain
Inflation increased by 6.0% year-over-year in February. Although the upturn has slowed in recent months, inflation remains far from the Fed’s target rate. To slow down inflation, the Fed has raised interest rates. But economic factors and speculation in the banking sector may force the Fed to change its course, some economists believe.
Moody's downgrades U.S. banking system's outlook to negative citing bank runs
Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Valley Bank.
Biden's economy has reached a 'tipping point,' budget watchdog warns
President Biden and the Fed's "tricky balancing act" to fight inflation and delay a recession "just became so much more difficult" amid bank run contagion and a big budget.
Inflation rose 0.4% in February as prices remain stubbornly high
Inflation rose in line with expectations in February as price pressures in the economy remain uncomfortably high, according to CPI data released Tuesday.
February inflation report likely to show consumer prices remain elevated
The consumer price index likely remained stubbornly high in February as inflation continues to inflict financial pain on millions of American households.
Mortgage rates post big decline amid Silicon Valley Bank fallout
Wall Street is now betting the Fed will pause its interest rate hike campaign next week amid fallout from the SVB failure, sending mortgage rates tumbling.
SVB failure throws Fed rate-hike decision next week into uncertainty
Fallout from the Silicon Valley Bank collapse last week could affect the Federal Reserve's interest-rate hike decision at its two-day meeting next week.
Charles Schwab shares trim losses as CFO defends firm
Charles Schwab's chief financial officer moved to reassure investors as the stock tumbled in the wake of Silicon Valley Bank's implosion and amid possible contagion fears.
First Republic shares plunge on SVB contagion fears
First Republic Bank and other regional banks saw steep losses on Monday after the collapse of Silicon Valley Bank raised fears about the financial system.
Stuart Varney: The US is in a banking crisis...and we don't know where it's going
FOX Business' Stuart Varney argued Biden's government spending and the Federal Reserve's "massive" money printing program helped create the current banking crisis.
First-time homebuyers battling rapid decline in affordability: Numbers 'just not working'
Homeowner-hopefuls Sam and Jacky Pascal describe the emotional journey of being unable to find a suitable first-time home amid worse affordability than the 2008 crash.
Discussions held to protect deposits if more banks fail: report
The Federal Reserve and FDIC have reportedly discussed creating a fund to protect deposits if more banks come under financial distress.
Silicon Valley Bank collapse: Mark Cuban says Fed should 'immediately' take this action
Mark Cuban raised questions about how regulators had allowed Silicon Valley Bank to end up in such a vulnerable position, and demanded that the Federal Reserve take immediate action.
Job growth spikes push Fed toward more aggressive interest rate hikes
The economy added more than 300,000 jobs, beating expectations in February. This strong job market combined with ongoing high inflation may push the Fed to take a more aggressive stand toward interest rate increases.
Gas prices increase, but the tide may change: AAA
Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.
US job growth surges again in February as economy adds 311,000 new positions
The February payroll report released Friday provided a key snapshot of the labor market's health amid the Fed's aggressive interest rate-hike campaign.



















