Main:
First Republic Bank reported $100 billion in deposit outflows and shares fell 75% in a week. The media is talking about an imminent bankruptcy filing. Who's next?
Biden almost epically announced his run for President of the United States 2024. Trump is already trolling him and trying not to bring up his own sex scandals.
U.S. GDP fell to 1.1% in the first quarter, against a forecast of 2%. The next stop is a recession.
Republicans in the House of Representatives passed their bill to raise the national debt limit, which certainly won't satisfy Democrats. The battle over the U.S. national debt has begun.
Summary:
The U.S. is getting closer to recession, and the Fed will raise rates again on May 3. Markets are waiting for a rise after the Fed's monetary policy reversal, but will they have enough patience...?
Quotes:
S&P 500 - 4,169 (↑0.91%)
gold - $1,989 (↑1.36%)
Oil Brent - $80.25 (↓1.93%)
USD INDEX - $101.67 (↓0.06%)
