Jerome Powell Hikes Rates 50 Basis Points, Signals More Hawkish Tightening
As widely expected, central bank officials raised borrowing costs another 50 basis points, bringing the Federal Reserve’s target range between
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Inflation
US CPI Lower Than Forecast, But Real Wages Continue to Plummet
US consumer prices came in lower than expected— albeit still more than three times higher than the Fed’s target range.
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Bank of Canada Raises Rates Another 50 Basis-Points, Hints at Pausing Hiking Cycle
For the sixth consecutive time this year, the Bank of Canada hiked interest rates once again, delivering another 50 basis-point
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Canada’s Unemployment Rate Unexpectedly Dips to 5.1% Ahead of BOC’s Rate Decision
Employment levels across Canada remained relatively unchanged in November, but the unemployment rate did unexpectedly dip one week before the
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UK Housing Market Slowdown: Lenders are Approving Fewer Mortgages as Inflation, Rising Interest Rates Bite
The UK housing market is rapidly slowing, as surging inflation and subsequent rising interest rates bring what was once rapid
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Australia’s Central Bank Issues Unprecedented Apology for Misleading Mortgage Holders on Interest Rates
In a rare statement from a major central bank, the Reserve Bank of Australia (RBA) is sounding regret over its
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Real Estate Crash En Route? Experts Call for 17.5% Peak to Trough Drop in Canadian Home Prices
Canadian home prices are slated for a major landslide drop of at least 17.5% from peak levels, thanks to the
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Fed Minutes Suggest Policy Makers Can’t Decide Between Slowing Hikes or Keeping Rates High
The freshly-released minutes from this month’s FOMC meeting suggest most members believe its may soon be appropriate to reduce the
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In Reality, U.S. Inflation May Not Have Slowed as Much as Advertised
On November 10, the U.S. Bureau of Labor Statistics (BLS) released constructive Consumer Price Index (CPI) data for October. The index
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October Inflation Jumped 6.9% Thanks to Rising Gasoline Prices, Mortgage Costs
Consumer prices remained historically elevated in October, thanks to ongoing increases in gasoline prices and mortgage costs. Canadians continued to
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