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U.S. inflation eased in May, signaling that an early-year price uptick has passed

by Walter Watson
U.S. inflation eased in May, signaling that an early-year price uptick has passed

U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlier this year may have passed. The trend, if it holds, could move the Federal Reserve …

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U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

by Walter Watson
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have …

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Canadian economy not in recession, but 2023 was one of its weakest recent years

by Anas Siddiqui
Canadian economy not in recession, but 2023 was one of its weakest recent years

The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses. Statistics Canada reported Thursday that …

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As expected, Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
As expected, Bank of Canada holds interest rate steady at 5%

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after raising its trendsetting rate 10 times since early …

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U.S. central bank holds rate steady, but leaves door open to more hikes

by Anas Siddiqui
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

The U.S. Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should …

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Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
Bank of Canada holds interest rate steady at 5%

The Bank of Canada has decided to keep its benchmark interest rate steady at five per cent, the second straight time the central bank has done so and a sign it may …

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