6 h. ago Asian Stocks Set for Muted Open as Fed Disappoints: Markets Wrap

Asian stocks looked set for a cautious open Friday after US equities posted a weekly loss amid disappointment over Jerome Powell’s pushback on the idea of the Federal Reserve supporting markets.

Economics

16 h. ago Trump says Federal Reserve Chair Powell’s ’termination cannot come fast enough’

WASHINGTON — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, whose term does not expire until next year. The Republican president’s […]

Other

33 h. ago Powell to Volatile Stock Market: You’re on Your Own, for Now

A relatively calm day on the stock market turned turbulent after Jerome Powell made clear the Federal Reserve remains on war-footing against inflation, even if that means risk assets suffer.

Economics

41 h. ago Posthaste: Bank of Canada must cut rates deeper to salvage rocky housing market, say economists

Interest rates remain too high to turbocharge the sector, which is a major contributor to Canada's economy

Other

45 h. ago Will the Bank of Canada cut interest rates again as trade war deepens?

Some analysts expect the central bank to cut its benchmark rate by 25 basis points, bringing it down to 2.5 per cent, while others expect the rate to be held steady.

Economics

60 h. ago Bank of Canada should and will cut interest rates: CIBC’s Benjamin Tal

Watch: 'The housing market in Canada is a tale of two markets, and I think the Bank of Canada will take this into account when making a decision'

Other

3 d. ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

Other

4 d. ago Euro Zone’s Weaker Inflation Outlook Bolsters ECB Case to Cut

Euro-area inflation will turn out slower than previously forecast because of higher US tariffs, according to a Bloomberg survey that supports the case for the European Central Bank to cut interest rates this week.

Economics

8 d. ago U.S. Fed signals caution on rate cuts as Trump tariffs raise inflation fear

U.S. Federal Reserve policymakers signalled caution on the potential for interest rate cuts amid concerns President Donald Trump's tariffs could boost inflation.

Economics

8 d. ago Federal Reserve could be in ‘difficult’ spot with higher prices, slower hiring

WASHINGTON (AP) — The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month’s meeting. The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated. And […]

Economics

9 d. ago Kenya Cuts Key Rate by More Than Expected Amid Tariff Worries

Kenya’s central bank cut its benchmark interest rate for the fifth time in a row, slashing the rate by more than expected amid heightened geopolitical risks from US President Donald Trump’s reciprocal tariffs.

Economics

1 week ago Trump tariff impacts ‘significantly larger than expected’: U.S. Fed chair

U.S. Federal Reserve Chair Jerome Powell warned that Donald Trump's tariffs will likely lead to higher inflation and slower economic growth.

Economics

1 week ago Federal Reserve chief says Trump tariffs likely to raise inflation and slow U.S. economic growth

ARLINGTON, Va. — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday. Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes […]

Economics

1 week ago Bank of Canada expected to make deeper rate cuts amid stock rout, job losses

Traders put the odds at about a coin flip for another rate cut on April 16

Economics

1 week ago US Stocks Rout Escalates as S&P Heads For Worst Week Since Covid

US stocks are heading for their worst week since March 2020 after the S&P 500 Index lost roughly $4.7 trillion in market value in just the last two sessions as Federal Reserve Chairman Jerome Powell said that the Trump administration’s tariffs “could have a persistent impact on inflation.”

Economics

1 week ago Bank of Canada April rate cut still in play as job market weakens, economists say

Tariff uncertainty to continue to weigh on economy and hiring

Other

1 week ago Polish Central Bank Chief Stumps Markets With Rate Cut Pivot

Polish central banker Adam Glapinski has an all-or-nothing style that’s hard to grasp for financial markets. A week after insisting there were no grounds for monetary easing, the governor said that he may personally file a motion to cut interest rates as soon as May.

Other

2 w. ago Fed’s Kugler Supports Holding Rates Amid Upside Inflation Risks

Federal Reserve Governor Adriana Kugler said it’s appropriate to keep interest rates unchanged until upside risks to inflation abate, pointing to government policy changes, the recent lack of progress on cooling price growth and rising inflation expectations.

Economics

2 w. ago US inflation remained elevated last month as consumer spending recovered

WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans’ spending rebounded in February after a steep fall last month and incomes increased. Friday’s report from the Commerce Department showed that consumer prices increased 2.5% in February from […]

Economics

3 w. ago Fed Backstop Fears Could Threaten Dollar, Deutsche Bank Says

The withdrawal of a time-tested liquidity backstop offered by the Federal Reserve would represent the greatest risk to the dollar’s status as a reserve currency since the end of World War II, according to Deutsche Bank.

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