SILICON VALLEY BANK AND GENERAL BANKING INDUSTRY CONCERNS While still developing, we want to assure you that the SEIA Investment Committee is closely monitoring the story of Silicon Valley Bank (“SIVB”) and the related ripple effects across the banking system in recent days.We take great pride in your trust in us as responsible stewards of your capital. Please reach out to your advisor if you have any questions or concerns. Read more here.
RECENT MEDIA
TOP NEWS
FED Jerome Powell cautioned that interest rates are likely to be higher than what many had expected. Powell indicated that the current trend of data shows that there is still room for the Fed to raise rates to soften inflation.
INFLATION January inflation rose 0.5%, higher than expected. Despite a slowing down of the rate of growth, markets are beginning to worry about a reacceleration of stubborn inflation.
CHINA China’s leaders have taken a more cautious tone about their economic outlook. The 5% GDP growth target for 2023 is a modest number compared to the previous decade of economic growth.
INDUSTRY NEWS
JOBS The job market continues to remain strong as the February data rose higher than expected. A strong labor market makes it tougher for the Federal Reserve to pause rate hikes.
OIL Oil executives in the US are warning that the price of oil may increase as supply in the US may begin dwindling. Global oil supply will be driven by OPEC.
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