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Economists at Bank of America have recently cautioned that the Federal Reserve may delay any interest rate cuts until March 2025, as highlighted by Reventure Consulting. Contrary to this, various news sources are speculating that the next move by the Fed could potentially be an increase in interest rates.
Thomas Hoenig, who served as the President of the Kansas City Fed from 1991 to 2011 and later as the Vice Chairman of the FDIC from 2012 to 2018, expresses concerns about the vulnerability of the banking system. In a conversation with David Lin, Hoenig emphasizes that despite advancements, the banking system remains exposed to risks. Just two days after the interview, regulators took the decision to close Republic First Bank, based in Philadelphia, on April 26. Hoenig also shares his insights on the economy, inflation, and monetary policy, providing a comprehensive analysis of these crucial aspects.
David Lin is joined by Peter Boockvar, the Chief Investment Officer of Bleakley Financial Group, as they delve into the current major threats to the economy and identify the assets that are expected to excel in performance throughout this year.
Steven Van Metre explores the ongoing bank failures and highlights the current state of the US Government, which is now in a state of crisis mode.
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The prospect of Jerome Powell and the Federal Reserve keeping interest rates higher for longer. And potentially increasing rates is a worrying prospect for the US economy. It means that home prices and stock prices could have downward pressure as 2024 goes on due to higher borrowing costs.
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It also means that the economy is also not fully out of the woods. With the prospect of recession and economic slowdown still lurking around the corner.
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Steven Van Metre
Apr 27, 2024
Get Out Now: Government in Crisis Mode as This Just Went to ZERO
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