WSJ

Everyone Wants Interest on Their Deposits. That’s Bad for Main Street Banks.

Community banks in the US are struggling as depositors move their money into higher-yielding places, forcing banks to pay higher interest rates, while also facing a decline in profits and potential lending slowdowns.

Community banks are struggling after the Federal Reserve's interest rate increases.
Depositors are moving their money into higher-yielding places, forcing banks to pay higher interest rates.
Community banks are paying higher rates on deposits than they are earning on loans.
Profits of community banks are expected to decline, and lending slowdowns are anticipated.
Consolidation in the banking industry may increase, leaving communities without local banks.

Charting the Global Economy: Central Banks Hold as Prices Cool

Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.

Factbox: Turkey earthquake and some of the worst natural disasters of this century

Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.

Take Five: Strap in for no landing

A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec

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