US stock futures and global markets rose Tuesday after coordinated action by the Federal Reserve and other leading central banks to keep dollars flowing around the financial system appears to have calmed nerves for now.
A U.S. official said on Sunday that the deposit outflows that left many regional banks reeling in the wake of Silicon Valley Bank’s failure had slowed and in some cases reversed, as investors tried to ascertain whether the crisis was contained.
The Fed’s aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
Cooperman previously warned that stocks could plunge 22% in 2023, and predicted dismal returns for years to come.
With conditions changing by the hour, traditional economic data points — typically released monthly or quarterly with a lag — prove less helpful. Here are some better ways to gauge economic health.
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
“While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions,” the MBA said.
The FXStreet real-time Economic Calendar covers United States economic events and indicators and is automatically updated when new data is released.
Supplemental Security Income beneficiaries will receive the second of two payments arriving in March in less than two weeks.
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