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…
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…
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…
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…
Fed’s Yield-Curve Barometer Starts Flashing Recession Risk1 “A classic recession warning is flashing in the US Treasury market, where the 10-year note’s yield fell below the three-month bill’s”, It’s a rare occurrence, and it signals investors anticipate dire economic consequences of the Federal Reserve’s campaign against inflation. 1 Prior to brief, smaller…
