Fed holds interest rates steady, but 3 officials dissent in favor of a hike
The Federal Reserve held interest rates steady for the fifth consecutive policy meeting this year, amid a rebound…
Fed’s Williams Says Rates Well Positioned Despite AI Demand
(Bloomberg) — Federal Reserve Bank of New York President John Williams said interest rates are “well positioned” even…
Bank of Canada seen holding rates as inflation, weak growth pull in opposite directions
By Promit Mukherjee OTTAWA, July 15 (Reuters) – The Bank of Canada is widely expected to keep its…
US consumer inflation hits three-year high fuelled by Iran war
Energy prices have surged in the wake of the Iran war, but April’s inflation also saw significant contributions…
Kevin Warsh set to lead the US economy facing a ‘very wide’ range of outcomes as Iran war, energy shock, and labor uncertainty loom
If Kevin Warsh is confirmed to chair the Federal Reserve, he will step into one of the most…
Consumers will feel more pain from Iran war
Consumers are expected to pull back on spending as the US-Israel war on Iran causes pain at the…
Central banks face policy trap as Iran war drives inflation shock just as growth momentum fades
The war in Iran has thrust the world’s major central banks into a familiar — and deeply uncomfortable —…
Inflation in Canada picks up steam, rising to 2.4% in September
National Bank economists Taylor Schleich and Ethan Currie wrote that unless recent inflation trends were “totally derailed/recast” by…
‘Unthreatening’ inflation reading makes Bank of Canada rate cut tomorrow ‘obvious course of action’
The August inflation data come one day before the Bank of Canada’s September interest rate announcement. (Photo by…
Annual inflation hits 2.1pc in June quarter, down from 2.4pc in March
Inflation eased further in the June quarter, with consumer prices rising at an annual pace of 2.1 per…