Global monetary policy going separate ways: Fitch
Emerging markets begin to cut rates as developed markets stuck in hike mode
- By: James Langton
- August 24, 2023 August 24, 2023
- 14:01
All five leaders are said to back the principle of letting in new members, but decision still uncertain
As central bankers gather at Jackson Hole conference this week, speeches will be scrutinized for hints
Consumer spending “continued to sputter” as economic growth weakened
A drop in prices in the first quarter triggered a surge in home-buying activity in the second
The shortage of homes for sale has kept the market competitive
Fund assets rose in July, with ETFs climbing faster than mutual funds
Rising labour costs could mean a harder economic hit to curb inflation, Scotia report says
Lobby group pointed to U.S. downgrade as a warning
Retail sales and bank earnings top this week's releases
Recent rises in home price index erased some of the earlier correction, Teranet–National Bank report said
HELOC balances decline, cooling credit card and mortgage growth
Energy price increases drove raw materials, industrial prices up
Canadian investors bought foreign bonds, driving outflows in the month
Policymakers said they "need to see more data" to be sure inflation pressures are abating
Annual rate falls to 6.8% largely driven by lower energy prices, according to Office for National Statistics
Wholesale sales of selected products down 2.8% to $80.5 billion in June, with ag products leading way with 19.4% drop
Seasonally adjusted count of new starts comes in at 254,966 units in July, compared with 283,498 in June
Digital fraud rose significantly in 2022, with the global attack rate up 20% year-over-year
Housing markets have settled down in recent months with prices moderating