Executive Summary: The period of globalization following World War II brought great economic prosperity and raised the standard of living in many parts of the world. However, globalization appears to be reversing course to some degree, changing the dynamic of the relationship between countries like the US and China from...
Federal Reserve Update
Recent events in the banking sector and continued market volatility raised questions regarding whether the Federal Reserve would continue its planned interest rate increases to fight inflation. Some of those questions were answered after Wednesday’s meeting, as the Fed raised the target interest rate another 25 basis points, its 9th...
Market Update: Banking Industry
We are writing this update in response to the events that have shaken the banking world over the last number of days which began with the failure and FDIC takeover of SVB Financial (parent company of Silicon Valley Bank) and has grown to impact other banks including Signature Bank and...