Tag: Inflation

Fed on Alert for One More Hike After ‘Disappointing’ Inflation

(Bloomberg) — Hotter-than-expected inflation likely ensures the Federal Reserve keeps its options open to raise interest rates again in November or December following an expected pause this month.Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceCiti Plans Job Cuts as It Revamps Top Management StructureApple’s iPhone 15 Debut Includes H
— Read on ca.finance.yahoo.com/news/fed-alert-one-more-hike-135909371.html

Bank of Canada Raises Interest Rates to 5%, Sees Inflation Lingering – Bloomberg

Policymakers led by Governor Tiff Macklem increased the overnight lending rate on Wednesday by 25 basis points to 5%, the highest in 22 years. The move was expected by most economists in a Bloomberg survey, and markets had put the odds at around three quarters.
— Read on www.bloomberg.com/news/articles/2023-07-12/bank-of-canada-raises-rates-to-5-sees-inflation-lingering

Bank of Canada Interest Rate Decision July 2023: 5 Key Takeaways – Bloomberg

The Bank of Canada raised its overnight lending rate by 25 basis points to 5% on Wednesday in Ottawa. The move, which was expected by a majority of economists in a Bloomberg survey, brings benchmark borrowing costs to their highest in 22 years. Here are the key takeaways:
— Read on www.bloomberg.com/news/articles/2023-07-12/bank-of-canada-raises-key-interest-rate-to-5-key-takeaways