Fed cuts key rate by sizable half-point
Move reflects new focus on bolstering the job market
- By: Christopher Rugaber, The Associated Press
- September 18, 2024 September 18, 2024
- 14:14
Move reflects new focus on bolstering the job market
Sept. 4 deliberations reveal concern that high rates could push inflation down by more than necessary
Portfolio flows rise in July, as Canadian investors curb cross-border buying: StatCan
Deficit totalled 695 billion yen, or $4.9 billion, down 26% from a year earlier
Higher air fares offset by lower fuel costs and restaurant and hotel bills
Job vacancies decline, driving up the ratio of unemployed workers to openings
Online retailers, sporting goods stores, and home and garden stores all reported higher sales
The drop came as the annual pace of urban starts fell 24% from July
It's the lowest level of inflation in more than three years, data show
The increase was driven by higher sales in petroleum, coal and chemical product subsectors
Prospective buyers may be holding off given lower interest rate forecasts, economist says
Consumer spending stays weak, despite rising incomes
Canada's chief actuary is scheduled to deliver the estimate sometime this fall
The previous retirement ages were set when life expectancy was only around 40 years
Household assets top $20 trillion, as financial assets climb
Central bank will need to accelerate easing to avoid recession, economist says
Stronger growth in U.S., China and India led the way
Market uncertainty calls for neutral portfolio positioning, rebalancing
Unemployment has since risen in Canada, but remained at record lows in Europe
European Business in China Position Paper calls on China to open its economy
It was the fifth straight annual drop and the smallest since February 2021