Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum over the past two weeks, varying from a half-pointContinue Reading

Investors swarmed into U.S government bonds Monday after the collapse of Silicon Valley Bank and subsequent government backstop of the banking system. The rush sent Treasury yields tumbling. The yield on the 2-year Treasury was last trading at 4.07%, down 52 basis points, or just over a half-percentage point. (1Continue Reading

Federal Reserve Chair Jerome H. Powell testifies before a House Financial Services hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, U.S., March 8, 2023. Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell’s prepared speech this week to Congress took just a few minutes,Continue Reading