Inside the Economy: The Bank Circus

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss the headline news of two bank failures as well as other economic data. Silicon Valley Bank (SVB) was taken into conservatorship by the regulators and forced the FDIC and Fed to act. How will this impact monetary policy in the coming months? Unemployment was mixed and other data points to inflation continuing to trend downward in the right direction. Tune in to learn about this and more! Key Takeaways: • 2-year Treasury falls to around 4% • Unemployment up at 3.6% • Mortgage rates still around 6.6%