The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.
In a speech to the C.D.…
]]>
The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.
In a speech to the C.D.…
]]>
Stanley Fischer, the Federal Reserve Vice Chairman said that low interest rates have helped the US economy raise its labor market gains which are in turn being supported by higher wages.
“With unemployment now below 5 percent we’re beginning to see the fruits of a higher-pressure labor market,” Fischer said Tuesday in response to questions following a speech at Howard University in Washington.…
]]>
Stanley Fischer, the Federal Reserve Vice Chairman said that low interest rates have helped the US economy raise its labor market gains which are in turn being supported by higher wages.
“With unemployment now below 5 percent we’re beginning to see the fruits of a higher-pressure labor market,” Fischer said Tuesday in response to questions following a speech at Howard University in Washington.…
]]>
The GBP today remained above $1.32 as the Bank of England’s announcement concerning interest rates and monetary policy outlook was mostly in conformity with their anticipations, this led some investors to cut down on trades placed against the currency. The chances of a rate cut by the BoE later this year has also grown after comments made by the BoE, “it said the initial Brexit hit to Britain’s economy would be less severe than it expected only last month.…
]]>
The GBP today remained above $1.32 as the Bank of England’s announcement concerning interest rates and monetary policy outlook was mostly in conformity with their anticipations, this led some investors to cut down on trades placed against the currency. The chances of a rate cut by the BoE later this year has also grown after comments made by the BoE, “it said the initial Brexit hit to Britain’s economy would be less severe than it expected only last month.…
]]>
The Australian unemployment rate dropped to its lowest reading in 3 years in figures posted for the month of August, strengthening the case for an Australian interest rate cut in the coming months with the weakness shown by the country’s job market.…
]]>
The Australian unemployment rate dropped to its lowest reading in 3 years in figures posted for the month of August, strengthening the case for an Australian interest rate cut in the coming months with the weakness shown by the country’s job market.…
]]>
The USD climbed to a 3 week high against the Japanese Yen today as bond yields reached their highest since June and a stock sell off was spurred by remarks made by senior Federal Reserve officials who had implied a US near-term interest rate hike was very much in the picture.…
]]>
The USD climbed to a 3 week high against the Japanese Yen today as bond yields reached their highest since June and a stock sell off was spurred by remarks made by senior Federal Reserve officials who had implied a US near-term interest rate hike was very much in the picture.…
]]>
U.S. stocks slipped slightly in a rather dull Friday market, as investor expectations of a Federal Reserve rate increase in the near future climbed higher. The Dow Jones Industrial Average fell by about 46 points, or 0.3%, to stand at 18552 and the S&P 500 declined by 0.2% towards the evening trading hours.…
]]>
U.S. stocks slipped slightly in a rather dull Friday market, as investor expectations of a Federal Reserve rate increase in the near future climbed higher. The Dow Jones Industrial Average fell by about 46 points, or 0.3%, to stand at 18552 and the S&P 500 declined by 0.2% towards the evening trading hours.…
]]>
The Japanese yen has grown above 100 to the dollar for the second time this week as the US currency’s campaign to escape a previous 3 month low that was stalled after the released Fed minutes signalled that officials were divided on the topic of how soon an interest rates hike should be performed.…
]]>
The Japanese yen has grown above 100 to the dollar for the second time this week as the US currency’s campaign to escape a previous 3 month low that was stalled after the released Fed minutes signalled that officials were divided on the topic of how soon an interest rates hike should be performed.…
]]>
- A rates hike in December is still possible
Some members of the Federal Reserve have expressed intentions that they wanted to raise rates in July or in September, but among the voting members, only Esther George voted for a hike. However, in the wider membership, there were more people eager to see a rate hike.…
]]>
- A rates hike in December is still possible
Some members of the Federal Reserve have expressed intentions that they wanted to raise rates in July or in September, but among the voting members, only Esther George voted for a hike. However, in the wider membership, there were more people eager to see a rate hike.…
]]>
According to a Bloomberg report, “Emerging market investing sentiment may have ebbed a bit, but allocation to emerging market stocks is now at 13%, the highest level since September 2014, according to a Bank of America Merrill Lynch fund manager survey.…
]]>
According to a Bloomberg report, “Emerging market investing sentiment may have ebbed a bit, but allocation to emerging market stocks is now at 13%, the highest level since September 2014, according to a Bank of America Merrill Lynch fund manager survey.…
]]>
- Fed funds futures now pricing rate hike chance at 6%
- CME FedWatch Tool places rate hike chance at 45%
With the Feds slowly killing all hopes of a rates hike anytime soon, the dollar today fell against many major currencies, the dollar was also largely undermined by the recent soft US economic data that rattled the anticipation for an interest rate hike this year by the Federal Reserve Bank.…
]]>
- Fed funds futures now pricing rate hike chance at 6%
- CME FedWatch Tool places rate hike chance at 45%
With the Feds slowly killing all hopes of a rates hike anytime soon, the dollar today fell against many major currencies, the dollar was also largely undermined by the recent soft US economic data that rattled the anticipation for an interest rate hike this year by the Federal Reserve Bank.…
]]>