INSANE: 109 - The Real Truth

JPMorgan created a Fed-whispering A.I. model to help investors stay on top of the market

Think ChatGPT, but for the weird things Jerome Powell says every couple months. It’s “a large language model tuned to central bank speak.”

Fortune · Apr 28, 2023

The Fed admits some of the blame for Silicon Valley Bank's failure in scathing report

The Federal Reserve says its own light-touch approach to bank regulation is partly to blame for the collapse of Silicon Valley Bank last month, and it promised more vigorous oversight in the future.

WEKU · Apr 28, 2023

Pranksters posing as Ukraine's president tricked the Fed chair into a phone call

The Fed chairperson was tricked into an extended phone call in January with Russian pranksters posing as Ukraine's president, during which the discussion focused on the impact of interest rate hikes.

WEKU · Apr 28, 2023

A veteran volatility trader known for nailing the market’s recent twists and turns warns the Fed still needs to suck ‘the wealth effect’ out of stocks

Cem Karsan warned Thursday that the Fed will have to “start talking the market back down” in May in order to control inflation.

Fortune · Apr 13, 2023

‘Other things will break.’ Legendary investor Jeremy Grantham warns of more financial chaos and wants to see Powell ‘channel a little bit of Volcker’

Jeremy Grantham predicted the financial crisis in 2008. Now, he thinks the financial system could expect more chaos after the two banks failed in March.

Fortune · Apr 13, 2023

US inflation at 5%, the lowest it has been since 2021

Monthly consumer price index shows US prices increased at a lower rate in March, though core inflation remains steady

The Guardian - US · Apr 12, 2023

3 signs the labor market is rebalancing in a way that could prevent a recession, according to Goldman Sachs

Goldman’s David Mericle sees “encouraging news about the prospects for achieving the gentle rebalancing of the labor market needed for a soft landing.”

Fortune · Apr 10, 2023

Friday’s Jobs Data Likely To Shift Market Odds For Fed’s Next Interest Rate Decision

Key jobs data is due Friday and recent numbers suggest the labor market may be starting to roll over

Zenger · Apr 7, 2023

US adds 236,000 jobs in March as unemployment rate remains little changed

The lower job numbers come as a hot labour market cools down amid increasing interest rates

The Independent UK · Apr 7, 2023

US adds 236,000 jobs in March as labor market weakens

March saw fewer jobs added to economy compared with February as effects of Fed’s interest rate increases are felt

The Guardian - US · Apr 7, 2023