New mortgage rule imposed by Office of the Superintendent of Financial Institutions aims to reduce financial system vulnerability. Read more
— Read on financialpost.com/fp-finance/banking/osfi-limits-banks-mortgages-highly-indebted-borrowers
Tag: Interest Rates
Fed’s Beige Book finds steady growth but little progress on inflation – MarketWatch
The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in…
— Read on www.marketwatch.com/story/feds-beige-book-finds-steady-economic-growth-but-little-progress-in-reducing-inflation-8cd1e19e
Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage – Bloomberg
This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed.
— Read on www.bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot
Fed’s Loretta Mester Expects Inflation to Fall Further – Bloomberg
Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.
— Read on www.bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut
Wall Street pushes out rate-cut expectations, sees risk of no action until 2025
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
— Read on www.cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html
Bank of England to cut rates in May, Morgan Stanley says
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
— Read on www.cnbc.com/2024/04/18/bank-of-england-to-cut-rates-in-may-morgan-stanley-says.html
Fed losses breach $100 billion as interest costs rise
Bank of Canada delivers growth and security to retirement portfolios – BNN Bloomberg
Bank of Canada delivers growth and security to retirement portfolios – BNN Bloomberg
— Read on www.bnnbloomberg.ca/bank-of-canada-delivers-growth-and-security-to-retirement-portfolios-1.1945779
What mortgage owners need to know about the Bank of Canada’s rate hike – BNN Bloomberg
What mortgage owners need to know about the Bank of Canada’s rate hike – BNN Bloomberg
— Read on www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-bank-of-canada-s-rate-hike-1.1944875
Bank of Canada raises its key interest rate to 5%
Bank of Canada raises its key interest rate to 5%
— Read on www.cbc.ca/amp/1.6904330