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What the Yen's Latest Tumble Means for Japan
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The markets expect to see signs of continued disinflation in the United States. The latest PCE Index data, the US Federal Reserve’s preferred inflation gauge, is released on June ...
Sales of newly built homes dropped last month as mortgage rates remained elevated. New home sales, which make up only about 10% of the market, fell 11.3% in May from the prior ...
The yen fell to the weakest level since 1986, fanning speculation authorities may be soon be forced to support the currency again in a bid to stem the worst selloff in the ...
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It was another breakout in USD/JPY today as the pair pushed through the 160.00 handle. That was the price that was defended by the BoJ in late-April, leading to an 800+ pip ...
While everyone - from the most clueless and incompetent Fed president and career economist-cum-fax machine expert, to the local hotdog vendor and Uber driver - now has an opinion ...
The results of the Federal Reserve Board's annual bank stress test showed that while large banks would endure greater losses than last year's test, they are well positioned to weather a severe recession and stay above minimum capital requirements. Additionally, the Board published aggregate results from its first exploratory analysis, which will not affect bank capital requirements. "This year's stress test shows that large banks have sufficient capital to withstand a highly stressful scenario and meet their minimum capital ratios," Vice Chair for Supervision Michael S. Barr said. "While the severity of this year's stress test is similar to last year's, the test resulted in higher losses because bank balance sheets are somewhat riskier and expenses are higher. The goal of our test is to help to ensure that banks have enough capital to absorb losses in a highly stressful scenario. This test shows that they do." The Board's stress test is one tool to help ensure that large banks can support the economy during downturns. The test evaluates the resilience of large banks by estimating their capital levels, losses, revenue and expenses under a single hypothetical recession and financial market shock, using banks' data as of the end of last year. The individual results from the stress test inform a bank's capital requirements to help ensure a bank could survive a severe recession and financial market shock. All 31 banks tested remained above their minimum common equity tier 1 (CET1) capital requirements during the hypothetical recession, after absorbing total projected hypothetical losses of nearly $685 billion. Under stress, the aggregate CET1 capital ratio—which provides a cushion against losses—is projected to decline by 2.8 percentage points, from 12.7 percent to 9.9 percent. While this is a greater decline than last year's, it is within the range of recent stress tests. This year's hypothetical scenario is broadly compara post: BIG BANKS PERFORM WELL IN LATEST STRESS TESTS, FED SAYS -- WSJ BANKS CAN WITHSTAND A HYPOTHETICAL SEVERE RECESSION, FED SAYS -- WSJ STRESS TESTS FIND BIG BANKS CAN WITHSTAND $685 BILLION IN ESTIMATED LOSSES, MORE THAN LAST YEAR -- WSJ
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- Posted: Jun 26, 2024 2:35pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,091
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