Fed

US stocks fall after the Fed hikes rates and bank contagion spreads

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Traders NYSE
Traders works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.

Andrew Kelly/Reuters

Russia may be cheating on its own pledge to slash oil production

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Putin crude oil
Vladimir Putin

Reuters/RIA Novosti

Here's what the Fed should say to curb market volatility amid bank tremors, sticky inflation, and higher rates, according to Mohamed El-Erian

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Mohamed El-Erian
Mohamed El-Erian

Mohamed El-Erian

US stocks rise as markets prepare for Fed's next policy decision

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Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange

Spencer Platt/Getty Images

The Fed could deliver the final rate hike of a historically aggressive cycle today. Here's what to know.

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All eyes are on the Fed today as officials ready their decision on what could be the final rate hike of the cycle. 

As of last night, traders assigned a 82% probability to a 25 basis-point increase, while they see an 18% chance of no change at all. 

We'll hear from central bank chief Jerome Powell today at 2 p.m. ET, shortly after the policy announcement. 

Below, we're covering everything to know for the big day.

First Republic stock crashes 46% as regulators seize the bank and JPMorgan takes it over

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A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California.
First Republic stock has plummeted in the wake of Silicon Valley Bank's demise.

Justin Sullivan/Getty Images

Russia’s battered wartime economy is still chugging along as it taps its wealth fund, raises taxes, and ramps up imports

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Welcome back, readers. I'm Phil Rosen. I hope you enjoyed this weekend's NBA playoffs and new episode(!) of Succession as much as I did. 

We have a lot of ground to cover today — starting with First Republic. The FDIC announced early this morning that the firm will be taken over by JPMorgan after being seized by regulators.

Here's what Jerome Powell's critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle

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Jerome Powell
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.

Joshua Roberts/Reuters

De-dollarization and global reserves dominance, explained by a top currency economist and the inventor of the 'dollar smile' theory

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Happy Saturday, readers. I'm Phil Rosen. Let's talk about the dollar's role on the world stage — and see what one of the leading currency economists has to say about it.

'Rich Dad Poor Dad' author Robert Kiyosaki says cash is trash - and touts bitcoin as 'real money' after previously slamming it as speculative play

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Robert Kiyosaki
"Rich Dad Poor Dad" author Robert Kiyosaki.

Matt Carasella/Patrick McMullan/Getty Images

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