by Tyler Durden
Wednesday, May 12, 2021 - 09:27 AM
While we, like everyone else, were shocked by the strongest core CPI print since 1981 when as a reminder, the Volcker Fed was engaged in a nightmarish fight with non-transitory inflation, pushing the Fed Funds rate as high as 20%, we were quick to note that the Fed is focused on jobs, not inflation which is transitory , and today s blistering inflation print - where used car prices accounted for a third of the jump - does not change delayed tapering. At least when viewed from the Fed s skewed perspective.
Remember, Fed is focused on jobs, not inflation which is transitory
Executive Overview
We are a bank holding company incorporated in the State of Washington which owns
one subsidiary bank, Banner Bank. Banner Bank is a Washington-chartered
commercial bank that. | May 6, 2021
To embed, copy and paste the code into your website or blog:
On April 6, 2021, New York Governor Andrew Cuomo signed into law the New York State Legislature’s Senate Bill 297B/Assembly Bill 164B (the New York LIBOR Legislation)
1, strengthening the groundwork for the forthcoming transition from US dollar LIBOR (formally known as the London Interbank Offered Rate) as the benchmark interest rate. The New York LIBOR Legislation is primarily intended for “tough legacy” contracts, securities and instruments governed by New York law that either lack fallback provisions or include ineffective fallback provisions in the event US dollar LIBOR is no longer published or representative. The New York LIBOR Legislation applies to tough legacy contracts that do not mature until after December 31, 2021 (in the case of the one-week and two-month US dollar LIBOR tenors), or June 30, 2023 (in the case of the overnight, one-month, two-month, six-month or 12-month US dollar LIBOR tenors)