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Lead StoryFederal Reserve04:11 PM ET

Fed Raises Rates, Yields Hit 2007 Highs as Fuel Costs Set Records: This Week On Wall Street

The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.

Why it
matters

The Federal Reserve made borrowing more expensive this week. That pushes up prices for trucks, shipping, and things we buy.

AI-Generated · Educational · Not Advice
Read full story Source · Benzinga
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09:32 AM ETFederal Reserve

Bowman Says Fed Will Average Bank's Last Two Stress Tests In Assigning Stress Capital Buffer; Expects Basel Capital Rules And GSIB Surcharge Changes Finalized Before Year End

WhyThe Federal Reserve will use a new way to measure how much money banks must hold. This could change how strict the rules are for big banks by the end of the year.
SPYSource · Benzinga
Neutral
09:32 AM ETFederal Reserve

Bowman Says Fed Will Finalize Reforms Making Bank Stress Tests More Transparent In 'Coming Weeks,' Disclosing Testing Models And Scenarios

WhyThe Federal Reserve is going to show more details about how it tests banks. This helps people understand if banks are strong and staying safe.
SPYSource · Benzinga
Neutral
09:31 AM ETFederal Reserve

Bowman Says 'Culture Of Risk Aversion' And Unclear Decision Rights Led To Supervisory Inaction On SVB, Not Earlier Fed Deregulatory Efforts

WhyA Federal Reserve leader said the bank collapse happened because of poor culture and unclear rules, not deregulation. When regulators are unsure about their jobs, problems can hide until it is too late.
SPYSource · Benzinga
Neutral
09:31 AM ETFederal Reserve

Fed Vice Chair For Supervision Bowman Announces Initial Findings Of Independent Review Of Silicon Valley Bank Failure; Says Supervisors Should Have Known Of Vulnerabilities As Early As March 2022

WhyA top bank regulator said supervisors missed warning signs at Silicon Valley Bank early on. When big problems happen, watchdogs learn to look harder at bank safety going forward.
SPYSource · Benzinga
Neutral

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