Tag: Inflation

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

Investors say sticking with the traditional investment mix should work, even as it’s currently generating losses.
— Read on www.bloomberg.com/news/articles/2022-08-14/inflation-has-investors-leaning-in-on-the-60-40-portfolio

(Bloomberg) — An account of the debate at the Federal Reserve’s July policy meeting, set to be published after two weeks of whiplash on Wall Street, will probably offer clues as to what would push the central bank to go big with tightening yet again in September.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet Near War’s OnsetUkraine Latest: First UN Wheat Cargo Sets Sail for EthiopiaAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59How the US Toppled the World’s
— Read on ca.finance.yahoo.com/news/fed-minutes-may-reveal-inclinations-130000543.html

The Federal Reserve voted to raise a key U.S. interest rate for the fourth time this year in an aggressive bid to cool off the hottest inflation in four…
— Read on www.marketwatch.com/story/fed-hikes-rates-by-0-75-percentage-points-and-signals-more-hikes-coming-11658944875

The Fed is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy.
— Read on www.cnbc.com/2022/07/07/fed-officials-waller-and-bullard-back-another-big-interest-rate-increase-in-july.html

The global economy may get the worst of the 1970s and the Great Recession: A stagflationary debt crisis that would confound central banks and fiscal authorities
— Read on www.marketwatch.com/story/stocks-could-drop-50-nouriel-roubini-argues-things-will-get-much-worse-before-they-get-better-11656611983

Four ways to store value as inflation erodes your cash – BNN Bloomberg
— Read on www.bnnbloomberg.ca/four-ways-to-store-value-as-inflation-erodes-your-cash-1.1783361

Inflation surges to 7.7% in Canada, fastest pace since 1983 – BNN Bloomberg
— Read on www.bnnbloomberg.ca/inflation-surges-to-7-7-in-canada-fastest-pace-since-1983-1.1782242