Amid rising stress, Moody’s downgrades U.S. banks
Funding, capital strains and real estate risks underpinned the rating actions
- By: James Langton
- August 8, 2023 August 8, 2023
- 12:05
Mackenzie is the latest entrant to a field that includes factor-based and active strategies
Average hourly wages rose faster than expected and will likely worry the Fed
Wage growth rebounded in July, rising 5% year over year
Core inflation recedes alongside falling energy prices
There were 31,224 consumer insolvencies in the April to June period, up 23.5% compared with the same period last year
The four-week moving average of claims, a less-volatile measure, fell by 5,500 applications to 228,250
Average cost of a detached home in the market rose 4.8% year over year to top $1.4 million
Quarter-percentage point increase, to 5.25%, was the central bank's 14th hike in a row
Analyst sentiment turns rosier for S&P 500 companies, Refinitiv reports
Sales in the market totalled 2,455 last month, a 28.9% increase from a year ago
BoC research found that hedge funds joined the selling action in bond markets
Data suggests the labour market is slowly normalizing from post-pandemic extremes
Decline in working population to pressure growth and government finances
Reducing hours and stress could entice older workers to stay employed, survey finds
Home sales, earnings and a jobs report are coming this week
Declining loan growth, rising funding costs temper benefit of higher rates, Moody's says
The 20 eurozone countries saw modest growth in Q2
Core inflation calls revised higher, amid growth, wage pressures
Major reforms unlikely after review finds funds resilient to market stress