For the U.S. lender’s KBW Bank Index, the combined balance-sheet value of held-to-maturity bonds was $2.21 trillion as of Sept. 30. The market value was $1.91 trillion, or 14% less.
Nationwide, the median sales price of an existing single-family home last quarter was up 8.6% from a year earlier to $398,500, according to NAR, a slowdown from the second quarter’s 14.2% pace.
Derivatives markets show that traders believe the consumer-price index will rise by about 3.3% over the next 12 months. At the end of September, expectations were for 2.3% inflation.
The median result for endowments and foundations in the fiscal year ended June 30 was a 7.8% loss—the worst showing since 2009.
Higher interest rates at the Federal Reserve are causing the central bank to now pay out more in interest expenses than it earns in interest income.
For 2022, annual premiums for an employer-provided family plan were $22,463 with employees paying $6,106 of the total. The average cost of an employer health plan for an individual for 2022 was $7,911.
During the three months ended in May 2020, the amount of municipal debt sold privately spiked to 13.4%, the highest share in 13 years on record. It has since retreated to about 8%, or around $36 billion—up from 4% in 2012.
As the stock market swoons, individual investors are placing fewer trades, slowing to 2020 volume.
Kroger Co. said it is buying rival Albertsons Cos Inc. in a deal that values the company at $24.6 billion, one of the biggest deals in the history of the grocery industry in the U.S.
