U.S. central bank stays on course
Fed expected to raise rates Tuesday
After studying the economic indicators that the Bank of Canada follows, Bank of Montreal says interest rates are almost certainly heading higher.“With the economic recovery shifting into a higher gear, the Bank of Canada will likely begin unwinding the excessive monetary stimulus on September 8,” says the report from BMO senior economist, Sal Guatieri. He […]
Forecast for GDP growth revised higher
Another increase likely in September
Rates rise in Britain Thursday, but NBF cautions about “over-restrictiveness”
Central bank determined to keep prices in check
Outlook for growth little changed
One day ahead a highly anticipated decision on U.S. interests rates, National Bank Financial is calling for rates to climb gradually to 2.25%.Most economists agree the Federal Open Market Committee, or FOMC, will vote Wednesday in favour of a quarter-point increase in the U.S. federal funds rate. The rate is now at a 46-year low […]
Bank economists say central bank should stand pat