Brokered CDs Reaching New Highs in 2022
Yields of the 2-year T-Note over 4% and anticipated increases in the Fed funds rate, together, forecast substantial increases in brokered CDs of $250,000 or less.
IDC Financial Publishing
(IDCFP) has attempted over time to estimate brokered CDs for individual banks. The unknown in the equation…
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Updated for 3rd Quarter 2022 Ranks
Over the next two years, we expect the number of banks issuing brokered CDs to grow, recovering in 2022 and reaching the prior high of 1500 by 2024 (see Chart I). With the dramatic rise in 2 and 5-year yields, so have the yields offered…
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According to Ed Yardeni, the US economy is doing well even though it has been in a “rolling recession,” hitting different industries at different times, since the start of 2022. So rather than a hard landing, a “rolling recession” provides a soft landing, aka a “growth recession,” and, potentially, no…
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The combined components of CPI could slow core CPI to a positive 0.3% month-over-month through March 2023. Core CPI year-over-year could well recede toward 3.5%, by March compared to 6.5% registered in 2022 to date. Core should decline further to 2.5% in early 2024.
Key Takeaways
Rent price figures due to cool…
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Cushioning for Losses1
Current Expected Credit Loss (CECL) was developed in response to 2008 financial crisis, when bank balance sheets looked rosy despite looming losses. CECL requires businesses to look to the future and own up to potential future losses and set aside reserves to cover those losses when they have…
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