The share of adults who reported being worse off financially climbed to the highest since 2014, according to a Fed survey, as inflation eroded earnings and savings.
Companies with smaller payrolls and valuations are facing higher funding costs.
Regulators and lenders valued customer accounts higher when interest rates rose.
Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting.
NEWSLETTERS
Global Calendar
TODAY TUESDAY, MAY 23
- Philadelphia Fed Non-Manufacturing Survey
- Dallas Fed’s Logan speaks at Technology-Enabled Disruption conference
- Richmond Fed Survey of Manufacturing Activity
- U.S. new-home sales for April
- Reserve Bank of New Zealand interest rate decision
Data & Interactives
A look at the health of six regional banks.
Here is the latest on the industry turmoil, including First Republic’s failure.
The Journal has put together a price tracker of common items that many Americans buy monthly to see the direction of prices that matter to you.
The industry is under stress it hasn’t seen in years. The Wall Street Journal breaks down the reports to give you a glimpse into the vault.
The full rankings on The Wall Street Journal’s list of hottest U.S. job markets in 2022.