New York Times (May 1)
The collapse of First Republic “stopped short of derailing the broader market, with markets focusing instead on corporate profits and the Federal Reserve’s next decision on interest rates.”
Tags: Broader market, Collapse, Corporate profits, Derailing, Federal Reserve, First Republic, Interest rates
Barron’s (December 10)
As it attempts to address inflation without derailing the recovery (or worse), the Fed will be walking a tight rope. On the upside, “the banking system is now both better capitalized and less exposed to illiquidity risk than in the past.” Moreover, “both households and firms are in better shape to weather higher interest costs now than they were in 1981 or, indeed, other episodes of monetary tightening.”
Tags: Banking system, Capitalized, Derailing, Exposed, Fed, Firms, Households, Illiquidity, Inflation, Interest costs, Recovery, Risk
