The Monday Mix: March 20 – 26, 2023
Top-of-mind economic headlines as we start the week:
— The Federal Reserve raised its key interest rate another 0.25 points to fight inflation, despite turmoil in the banking sector.
— US regulators are considering additional support for banks, including expanding the new emergency lending measures.
— US existing home sales surged 14.5% in February, after 12 months of declines; but the median US house price fell slightly for the first time in nearly 12 years.
— Just 34 US companies have sold stock to the public via IPOs so far in 2023, down 56% from the same time in 2022 (which was much lower than 2021).
— The European Union launched rules to protect consumers from false claims related to ESG and impact capabilities (aka “greenwashing”).
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