The Federal Reserve issues FOMC statement suggesting that economic activity has been expanding at a moderate pace. Analysts warn that bankruptcies and defaults could jump as the world adjusts to higher interest rates. Regional lenders are cutting back on some lending to preserve capital. While Sanford Health and Fairview Health Services have dropped their plans to merge, marking the second failed combination attempt between the nonprofit health systems over the last decade. A lot to unpack on this episode of Health:Further! Check out the links below for details on this discussion.
------🔎RESOURCES🔎
FEDERAL RESERVE ISSUES FOMC STATEMENT //
https://bit.ly/3DzqOArUS FED: DISTRESSED FIRMS AND THE LARGE EFFECTS OF MONETARY POLICY TIGHTENINGS //
https://bit.ly/456OhocNYT: CREDIT MARKETS ARE CREAKING, CREATING ECONOMIC UNCERTAINTY //
https://bit.ly/456Oo36WSJ: YELLOW FIRST ARTICLE //
https://bit.ly/3OwHW00WSJ: YELLOW SECOND ARTICLE //
https://bit.ly/3OBcXQxUS BEA: GROSS DOMESTIC PRODUCT, SECOND QUARTER 2023 //
https://bit.ly/43NqxEPPACWEST & BANC OF CALIFORNIA - MERGER OF EQUALS //
https://bit.ly/476SDxwWSJ: BANKS ARE GOING ON A DIET //
https://bit.ly/479AGOHWSJ: A WINNING BET FOR PENSION FUNDS GOES COLD //
https://bit.ly/451xiDSMARKETWATCH: HCA BEATS EARNINGS AND BOOSTS OUTLOOK, BUT STOCK FALLS //
https://bit.ly/3DyhrkrNYT - OPINION: HOSPITAL MARKET CONSOLIDATION IS BAD FOR PATIENTS //
https://bit.ly/3ObXgOeMODERN HEALTHCARE: SANFORD HEALTH, FAIRVIEW HEALTH SERVICES CALL OFF PROPOSED MERGER //
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