Interest Rates

Inflation Will Not Magically Disappear in 2022

Tradier | |

The US central bank abandoned the term “transitory” when characterizing rising inflation at its December meeting. However, action speaks louder than words, and the central bank’s forecasts and plans will likely keep that inflationary fuse burning into 2022.

Will the Supply Chain Stall Santa's Sleigh?

Tradier | |

With Thanksgiving in the rearview mirror, the holiday season is upon us in markets across all asset classes. The end of 2021 comes as markets face the prospects of central bank tightening, higher taxes, and new outbreaks of another COVID-19 variant.

US Bank Profits Slip 1.2% in Q3

Reuters | |

U.S. bank profits fell 1.2% in the third quarter of 2021 to $69.5 billion as firms were slower to shrink their credit loss provisions and grappled with low interest rates, the Federal Deposit Insurance Corporation reported Tuesday.

Bank profits are still up nearly 36% from the same time a year ago when banks were still rushing to set aside funds to guard against pandemic-driven loan losses.

JPMorgan Misses on Third Quarter Revenue, Beats Earnings Estimates With One-Time Items

AP News | |

JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels.

The nation’s largest bank by assets said it earned a profit of $11.69 billion, or $3.74 per share, compared with a profit of $9.44 billion, or $2.92 per share, in the same period a year earlier. The bank had two one-time items that helped boost its profits this quarter: a $566 million income tax benefit and the release of $2.1 billion from its troubled loans books, something the JPMorgan has been doing every three months since the U.S. economy started recovering from the pandemic.

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