Bay Street economists are now expecting the U.S. Federal Reserve Board to cut its key interest rate by a full 100 basis points tomorrow, as the U.S. central bank struggles to keep financial markets afloat.In a research note, BMO Capital Markets, says, “We are in the midst of the most pervasive financial crisis in a […]
Dealers may borrow from Fed on much the same terms as banks
FOMC expected to cut interest rates by 75 bps at March 18 meeting
Both the Bank of England and the European Central Bank left interest rates unchanged today. Economists say rate cuts will likely resume in the UK, but inflation fears will keep the ECB on hold.The Bank of England left its repo rate unchanged at 5.25% today, and issued no policy statement as a result.CIBC World Markets […]
The U.S. got into the current slowdown/recession because consumers took advantage of low interest rates and used their homes as ATMs. Will they make the same mistake again?Already, applications for refinancing mortgages have more than doubled since December because of the sharp decline in U.S. mortgage rates, says Stéfane Marion, assistant chief economist at National […]
Downside risks to Canada’s outlook are growing
U.S. economy facing "deeper and more prolonged slowdown"
Q4 GDP report puts Bank of Canada in tight spot
Inflation rates to 2% in 2008: Fed report
FOMC forecasts rise in U.S. core inflation