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Treasury yields edge higher, pushing 10-year rate above 2.8%, ahead of Wednesday’s Fed minutes report – MarketWatch

U.S bond buyers were on the back foot, pushing yields up a touch, as a rally in the previous session showed signs of fading.
— Read on www.marketwatch.com/story/treasury-yields-nudge-higher-as-economic-growth-worries-wane-ahead-of-looming-fed-minutes-report-11660645767

Nouriel Roubini says investors are ‘delusional’ if they expect the Fed to cut rates next year – MarketWatch

‘The Fed funds rate should be going well above 4% — 4.5%-5% in my view — to really push inflation towards 2%,’ Roubini said.
— Read on www.marketwatch.com/story/nouriel-roubini-says-investors-are-delusional-if-they-expect-the-fed-to-cut-rates-next-year-11660665215

Chinese Households’ Pivot to Thriftiness Is Bad News for World Economy – Bloomberg

Households downbeat about their prospects are retrenching, with consequences for local giants as well as multinationals.
— Read on www.bloomberg.com/news/articles/2022-08-15/chinese-households-pivot-to-thriftiness-is-bad-news-for-world-economy

Foreign investors dump the most Canadian stocks since 2007 – BNN Bloomberg

Foreign investors dump the most Canadian stocks since 2007 – BNN Bloomberg
— Read on www.bnnbloomberg.ca/foreign-investors-dump-the-most-canadian-stocks-since-2007-1.1806507

David Rosenberg says recession ‘unavoidable’ for Bank of Canada – BNN Bloomberg

David Rosenberg says recession ‘unavoidable’ for Bank of Canada – BNN Bloomberg
— Read on www.bnnbloomberg.ca/david-rosenberg-says-recession-unavoidable-for-bank-of-canada-1.1806426

Bank of Canada Chief Says Job Not Done Despite Cooler Inflation

(Bloomberg) — The Bank of Canada has more work to do in taming stubborn price pressures despite signs headline inflation may have peaked, Governor Tiff Macklem said.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedThese Six Cities Are Emerging as New Expat Hot SpotsAmerica’s $7 Trillion Retirement Crisis Is Only Get
— Read on ca.finance.yahoo.com/news/bank-canada-chief-says-job-193042620.html

Slowing inflation not enough to prevent September interest rate hike, economists say

OTTAWA — Inflation in Canada finally appears to have peaked, but it nonetheless remains too high to dissuade the Bank of Canada from raising interest rates significantly in September, economists say. The year-over-year inflation rate slowed to 7.6 per cent in July, Statistics Canada reported Tuesday, with the deceleration largely driven by a decline in gas prices even as prices for food, rent and travel continued to rise. Economists had pointed to the nearly 40-year high of 8.1 per cent in June
— Read on ca.finance.yahoo.com/news/statistics-canada-release-july-inflation-080000556.html

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