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The US banking system is in chaos again as shares of the First Republic Bank (FRC) dropped 70 per cent in pre-market trading on Monday. This comes after Silicon Valley Bank (SVB), the financial organisation that dealt with only tech…

James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019.Luke MacGregor | Bloomberg | Getty ImagesThis report is from today's CNBC Daily…

James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019.David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily…

Grace Cary | Moment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you…

U.S. egg prices jumped by two to three times in January.Fatih Aktas | Anadolu Agency | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on…

Prices on displayed in a New York grocery store on Feb. 1, 2023.Leonardo Munoz | Corbis News | Getty ImagesHigh inflation has followed the U.S. economy into 2023, as consumers continued to see high prices in January.Inflation rose 0.5% for…

CNBC's Jim Cramer on Thursday said that investors shouldn't expect the Federal Reserve to go easy on the economy because the market is suffering."Investors have to learn that the Fed is not your friend, it's not your pal — if anything, it's…

It's no secret that it's a tough market for prospective home buyers.In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a "typical home," Redfin reported this week. That's 45.6% higher…

Americans look to the country's most powerful bank, the Federal Reserve, to combat inflation."I think our biggest problem, at least for the foreseeable future, is high inflation," Mark Zandi, chief economist at Moody's Analytics, told…

Morsa Images | E+ | Getty ImagesAs investors digest another 0.75 percentage point interest rate hike by the Federal Reserve, government bonds may be signaling distress in the markets.Ahead of news from the Fed, the policy-sensitive 2-year…