Federal Reserve’s Inflation Confidence Update
Federal Reserve Governor Lisa Cook recently stated that inflation has decreased at a faster rate than anticipated. However, central bank officials are hesitant to reduce interest rates until they are…
Canadian Consumer Spending Decline
Canadian consumers seem to have tightened their wallets after a surge in retail purchases during the holiday season, highlighting the pressure on household budgets from high interest rates. Sales Decline…
Australian Services Activity Shows Resilience Despite Interest Rate Increase
Australian Services Activity Shows Resilience Despite Record Rise in Interest Rates Australian services activity contracted at a slower rate in January, indicating the ongoing resilience of the economy despite a…
Inflation Expectations Remain Elevated in Canada
OTTAWA--According to the fourth-quarter surveys released by the Bank of Canada, inflation expectations among businesses and households in Canada remain elevated. The combination of wage gains and shelter costs is…
U.S. Stocks Close Higher on Eve of Jobs Report
The U.S. stock market experienced gains on Thursday, with investors eagerly awaiting the release of Friday's jobs report for November. The positive momentum propelled the Dow Jones Industrial Average (DJIA)…
Decline in Canadian Existing Home Sales Continues
Existing home sales in Canada witnessed a 5.6% drop in October, marking the fourth consecutive month-over-month decline. This decrease can be attributed to higher interest rates that continue to impact…
Sharp Increase in Core Inflation Forecast by the Reserve Bank of Australia
SYDNEY - The Reserve Bank of Australia (RBA) has significantly revised its predictions for core inflation in the near term, highlighting that inflation pressures are easing at a slower rate…
Treasury Yields Fall as Demand for US Government Debt Rises
What's Happening The yield on the 2-year Treasury BX:TMUBMUSD02Y has fallen by 2.9 basis points to 5.033%. Yields move in the opposite direction to prices. The yield on the 10-year…
Recent Inflation Slowdown: A Continual Trend
Chicago Fed President Austan Goolsbee has dismissed claims that progress toward reaching the Federal Reserve's 2% inflation target has slowed. In an interview with the Financial Times, Goolsbee emphasized that…
The Benefits of Higher Interest Rates for Banks and Savers
As a renowned expert in the financial industry, Sheila Bair, former chair of the Federal Deposit Insurance Corp (FDIC), emphasizes the positive impact that higher interest rates can have on…
Producers Await U.S. Dollar’s Next Move
The Value of the U.S. dollar has prompted a pause in the metals and raw materials market. As the dollar rises, the sector experiences a retreat due to the anticipation…
The Continued Potential of Tech Stocks
Investors in the tech sector may feel hesitant to make further investments, given the significant gains already seen this year and the possibility of rising interest rates. However, analysts at…