U.S. inflation cooled in May
The longer the Fed keeps borrowing costs high, the more it risks weakening the economy too much
- By: Christopher Rugaber, The Associated Press
- June 12, 2024 June 12, 2024
- 10:36
The longer the Fed keeps borrowing costs high, the more it risks weakening the economy too much
Bets are now leaning toward a first cut in September in the U.S.
Strength of U.S. economy will support global growth of 2.6% this year
Weakening economy and high interest rates push businesses to rein in hiring
Corporate and government borrowing hits highest level since pandemic
Hard-hit sectors likely to feel the brunt of a decline in cheap labour
All provinces recorded year-over-year increases in asking rents for purpose-built and condo rentals
Analysts say the quarter-point cut is unlikely to usher in a swift series of further cuts
More buyers are expected to enter the market as borrowing costs begin to decrease
Governor says if inflation continues to ease, it is reasonable to expect further cuts
The value of money owed by governments rose by US$5.6 trillion from 2022, UN Trade and Development says
Rate cuts on tap this year, although size and timing remain data driven
Markets expect the central bank to cut its key lending rate by one-quarter of a percentage point on Wednesday
Credit data can help with early detection of memory-related conditions, research finds
Beyond a small direct economic impact, more girls playing sports is a win
StatsCan said growth in the first quarter was powered by higher household spending
Investment levels in Canada’s private sector dampened by higher government spending, volatility in U.S. trade relations: Poloz
Deal volume rises, transaction value stable to start the year