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/3DzqOAr

US FED: DISTRESSED FIRMS AND THE LARGE EFFECTS OF MONETARY POLICY TIGHTENINGS // https://bit.ly/456Ohoc

NYT: CREDIT MARKETS ARE CREAKING, CREATING ECONOMIC UNCERTAINTY // https://bit.ly/456Oo36

WSJ: YELLOW FIRST ARTICLE // https://bit.ly/3OwHW00

WSJ: YELLOW SECOND ARTICLE // https://bit.ly/3OBcXQx

US BEA: GROSS DOMESTIC PRODUCT, SECOND QUARTER 2023 // https://bit.ly/43NqxEP

PACWEST & BANC OF CALIFORNIA - MERGER OF EQUALS // https://bit.ly/476SDxw

WSJ: BANKS ARE GOING ON A DIET // https://bit.ly/479AGOH

WSJ: A WINNING BET FOR PENSION FUNDS GOES COLD // https://bit.ly/451xiDS

MARKETWATCH: HCA BEATS EARNINGS AND BOOSTS OUTLOOK, BUT STOCK FALLS // https://bit.ly/3Dyhrkr

NYT - OPINION: HOSPITAL MARKET CONSOLIDATION IS BAD FOR PATIENTS // https://bit.ly/3ObXgOe

MODERN HEALTHCARE: SANFORD HEALTH, FAIRVIEW HEALTH SERVICES CALL OFF PROPOSED MERGER // https://bit.ly/3Ow94fs



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