The financial condition of a bank depends on a number of factors, from the balance sheet to the income statement.
The best way to understand the impact of all these factors is to consider them relative to a defining factor for your particular institution, which ranges from asset size to…
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Banks issuing brokered CDs reached a new high of 1519 as of June 30, 2023, from a low of 1087 in 2022Q2. Our estimate is 2000 issuing banks at year-end 2023, above the high of 1914 in 2010Q3. By year-end 2024 we estimate there to be 3,000 issuing banks, an…
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An Executive Summary of Employ America’s June Core-Cast and Why It Can
Core PCE and Core Services Ex Housing are at 2% for this month. While this reading is only from one month, it's the start of a necessary condition. Inflation must run at or below 2% for consecutive months if…
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Brokered CDs Reaching New Highs in 2024
Deposit costs at banks reflect competition from yields on the 3-month T-Bill of 5.4%, and the 2-year at 4.8%, coupled with the upward pressure of another potential 25-basis point hike in the Fed funds rate in July. Together, these yields forecast rising deposit costs…
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We have found Employ America to be the best and most reliable source in the analysis and forecast of inflation. Below is a summary of their recent newsletter
discussing the trajectory of 2023 Core PCE.
*Core-Cast is Employ America’s nowcasting model to track the Fed's preferred inflation gauges before and through their…
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