by Vy Phan | Feb 17, 2019 | Blog
Greetings, US core inflation rose by 2.2% YoY in January. Inflation remains steady around the Fed’s 2% target. The Fed is holding off on raising rates in the near future propelling asset prices to an 8-week rally. The Fed’s latest report on Household Debt and Credit...
by Vy Phan | Feb 10, 2019 | Blog
Greetings, The Fed’s January 2019 Senior Loan Officer Survey showed that banks tightened standards for commercial real estate (CRE) loans. Overall, banks tightened standards for credit card borrowers. However, lending standards for most categories of consumer loans...
by Vy Phan | Feb 3, 2019 | Blog
Greetings, The Fed signaled that it would stop raising rates in the short-term and promised flexibility in unwinding QE. Fed Chair Powell indicated balance sheet normalization would end “sooner and with a larger balance sheet”. The Fed shifted focus towards sustaining...
by Vy Phan | Jan 27, 2019 | Blog
Greetings, For the first time since the financial crisis, CEOs of the six largest banks were summoned to Congress to testify before the new financial services. The panel is eyeing dates in March or April. Earnings season continues with credit card issuers reporting...
by Vy Phan | Jan 20, 2019 | Blog
Greetings, Earnings season got underway with bulge-bracket banks reporting this week. The overall theme was that the volatility in Q4 negatively affected trading revenues, but revenues from loan operations continue to be strong and charge-offs remain low. 2018 was the...
