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Catch-25: Fed hikes rates amid financial stability risk
The Federal Reserve finds itself as it lifted its policy rate by 25 basis points on Wednesday amid a quickly evolving global banking crisis. … READ MORE >
Canada inflation slows in February
Canada’s inflation plunged to 5.2% from 5.9% on a year-ago basis as comparisons to last year’s elevated numbers kicked in, Statistics Canada reported on Tuesday. … READ MORE >
Financial shock sending Fed proxy rate into restrictive terrain
Should the crisis deteriorate further, with more bank seizures and further problems inside systemically financially important institutions, then the degree of financial shock is equivalent to 150 basis points of tightening. … READ MORE >
Coordinated central bank action follows the Credit Suisse-UBS merger
Global central banks acted over the weekend to stem dollar funding pressures in financial markets as investors digested the forced merger of Credit Suisse and UBS. … READ MORE >
Financial services update: Q4 banking, AI-powered funds, regulatory proposals
In the latest installment of our monthly financial services update, we take a look at banking results from the fourth quarter of 2022, artificial intelligence-powered funds, and two regulatory proposals. … READ MORE >