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Interest Rates

More Canadians struggling to meet monthly bills, survey suggests – National

by Vera Ward
More Canadians struggling to meet monthly bills, survey suggests – National

A new poll suggests nearly half of Canadians are living paycheque to paycheque as the cost of living crisis continues to squeeze household budgets, and young people are more likely …

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Powell said high rates. Markets heard robust economy

by Walter Watson
Powell said high rates. Markets heard robust economy

Jerome Powell, chairman of the US Federal Reserve, second right, arrives for dinner during the Jackson Hole economic symposium in Moran, Wyoming, US, on Thursday, Aug. 24, 2023. David Paul …

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Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’

by Ron Morgan
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’

Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come. While acknowledging that …

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Jackson Hole fears overshadow Nvidia

by Walter Watson
Jackson Hole fears overshadow Nvidia

Jerome Powell, chairman of the U.S. Federal Reserve, right, walks the grounds at the Jackson Hole economic symposium in Moran, Wyoming, US, on Thursday, Aug. 24, 2023. David Paul Morris …

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Powell Jackson Hole speech could see a shift from the past

by Walter Watson
Powell Jackson Hole speech could see a shift from the past

Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, DC. Powell testified on the Federal Reserve’s Semi-Annual Monetary Policy Report during …

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What to Do When the Fed Raises Rates

by Ron Morgan
What to Do When the Fed Raises Rates

The Federal Reserve announced last month another 0.25% interest rate hike. Part of the ongoing efforts to combat inflation, this quarter percentage point increase brings the fed funds rate to …

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Fed officials see inflation ‘upside risks’

by Walter Watson
Fed officials see inflation ‘upside risks’

Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes …

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China is grappling with a ‘confidence crisis’, says economist

by Walter Watson
China is grappling with a ‘confidence crisis’, says economist

China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first …

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Argentina devalues its currency, jacks up interest rates

by Walter Watson
Argentina devalues its currency, jacks up interest rates

Argentine far-right libertarian economist and presidential candidate Javier Milei celebrates the results of the primary elections with his sister Karina Milei at his headquarters in Buenos Aires on August 13, …

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CPI: Consumer prices rose by 3.2% annually in July, picking up for the first time in 13 months

by Sam Bailey
CPI: Consumer prices rose by 3.2% annually in July, picking up for the first time in 13 months

According to data released by the Bureau of Labor Statistics, the pace of consumer price hikes in Minneapolis has accelerated on an annual basis for the first time in over …

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