Duguay’s speech prepares the way for the central bank to move onto the sidelines
Move to provide liquidity does not represent a change in the stance of monetary policy, Duguay says
RBC Economics is calling for a Fed rate cut, driven by financial market stress, not economic fundamentals. In a research note published today, RBC says that it has revised its outlook for the Fed funds rate, and is now calling for a 50 basis-point rate cut, “as policymakers work to alleviate liquidity concerns that have […]
Friday’s surprise cut to the discount rate by the U.S. Federal Reserve Board could yet lead to a future cut in the Fed funds rate, possibly even an inter-meeting move, say Bay Street economists.The Fed surprised markets by announcing a 50 basis point cut in its discount rate today, in an effort to cool markets. […]
Next rate setting scheduled for September 18
Moderation in inflation yet to be seen, U.S. central bank ssay
Both the European Central Bank and the Bank of England left interest rates unchanged this morning.
Hot Alberta economy contributing disproportionately to overall inflation
C.D. Howe Institute introduces alternative to inflation-targeting regime
ECB, Bank of England, Bank of Canada, likely to push interest rates still higher