Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.

Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.

Zhitong FinanceJul 19 01:22 ET

The central parity rate of RMB is reported as 7.1315, a decrease of 30 basis points.

On July 19, the central parity rate of the renminbi reported 7.1315, a decrease of 30 basis points from the previous trading day's central parity rate reported at 7.1285. Another Fed official hinted that a rate cut is imminent: waiting too long to act poses recession risk. Chicago Fed President Charles Evans said that the actual federal funds rate has tightened sharply, the economy has not overheated, and there is no need for this kind of restriction; the Fed may need to cut rates soon to avoid further deterioration of the labor market. Dallas Fed President Robert Kaplan did not mention monetary policy, but he said that the crisis caused by Silicon Valley Bank last year showed that the current federal deposit insurance limit may be too low, and the last time the limit was raised was in 2008. IMF:

市場資訊Jul 18 21:16 ET

Fed's Lael Brainard calls for raising the federal deposit insurance limit for deposit insurance companies.

Lorie Logan, president of the Federal Reserve Bank of Dallas, said that the current federal deposit insurance limit may be too low, especially after last year's turmoil in the US banking system. She said that since Congress last raised the limit to $250,000 in 2008, the economy has grown significantly, and added that if the limit were increased in line with nominal GDP, today's limit would be close to $500,000. The need for protection after the collapse of Silicon Valley Bank and Signature Bank also indicates that this limit is too low. Logan said in a speech at a meeting of the Federal Reserve Bank of Dallas on Thursday, "This is obviously in the bank."

環球市場播報Jul 18 16:33 ET

SVB Financial Bonds Rise After $600 Million Cut to Tax Bill

Yahoo FinanceJul 1 12:41 ET

eToro Survey: US Retail Investors Prefer Financial Stocks Over Technology Stocks.

According to eToro's latest report on investment and trading platforms, financial services stocks and money market are currently favored by individual investors in the USA.

Zhitong FinanceJun 27 04:17 ET

Norinchukin Sends Warning to World on Higher-for-Longer Rates

Yahoo FinanceJun 19 20:25 ET