There is a pervasive sense of disconnect between the overall economic picture and how people feel about the economy.
Tom Michaud, KBW CEO, joins 'Fast Money' to talk the impact of today's FOMC decision to leave rates unchanged and how that will impact banks, inflation, the economy, and more.
Michael Contopoulos, Richard Bernstein Advisors, joins the 'Fast Money' table to talk the FOMC's rate decision today, the state of the economy, if stagflation is a problem right now, and more.
Federal Reserve Chair Jerome Powell takes questions from reporters after announcing the central bank will leave interest rates unchanged.
Fed Chair Jerome Powell speaks following the Federal Reserve's Federal Open Market Committee's decision to keep interest rates unchanged, and provides updates on the Fed's fight against inflation.
Federal Reserve Chair Jerome Powell takes questions from reporters after announcing the central bank will leave interest rates unchanged
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
Of about 4,000 U.S. banks analyzed by the Klaros Group, 282 banks face stress from commercial real estate exposure and higher interest rates. The majority of those banks are categorized as small banks with less than $10 billion in assets. "Most of these banks aren't insolvent or even close to insolvent. They're just stressed," Brian Graham, Klaros co-founder and partner at Klaros. "That means there'll be fewer bank failures. But it doesn't mean that communities and customers don't get hurt."