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Federal Reserve Alert! Federal Reserve Board releases hypothetical scenarios for its 2022 bank stress tests. This year, 34 large banks will be tested against a severe global recession with heightened stress in commercial real estate and corporate debt

Source 2022 Stress Test Scenarios (PDF) This year, 34 large banks will be tested against a severe global recession with heightened stress in commercial real estate and corporate debt markets. The Board's stress tests evaluate the resilience of large banks by estimating losses, net revenue, and capital levelsโ€”
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Inflation Alert! Bureau of Economic Analysis announced the โ€œcore PCEโ€ price index, which excludes food and energy (and understates inflation, which is why the Fed relies on it) jumped by 0.50% in December from November, and by 4.9% year-over-year

Remember back in the summer when JPow was saying their target for inflation is 2%? Well, they have certainly BLOWN by that: The overall PCE inflation index (includes food and energy) was up by 0.45% in December from November, and by 5.8% year-over-year, the worst reading since 1982:
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SEC ALert! Kristin Snyder, Deputy Director of Division of Examinations, to Leave SEC. Kristin Snyder, Deputy Director of the Division of Examinations (EXAMS), is leaving the agency at the end of this month after more than 18 years of service.

Source The Division of Examinations conducts the SECโ€™s National Exam Program. The Division's mission is to protect investors, ensure market integrity and support responsible capital formation through risk-focused strategies that: (1) improve compliance; (2) prevent fraud; (3) monitor risk; and (4) inform policy. The results of the
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