Fed admits failures in monitoring Silicon Valley bank meltdowns in new report
The US Federal Reserve has called for greater banking oversight while admitting its own failings in a much-anticipated report released on Friday on the collapse of Silicon Valley Bank (SVB)…
US Federal Reserve expected to raise interest rates for 10th time despite economic slowdown
The US Federal Reserve is expected to raise its benchmark lending rate for a tenth – and possibly last – time on Wednesday as it continues its fight against high…
Oil prices extend losses after Fed rate hike, economic worries
Last update: 04 May 2023, 00:50 HST A day earlier, both benchmarks fell 5%, their biggest daily percentage declines since early January. (Image: Reuters file) U.S. West Texas Intermediate (WTI)…