7 d. ago U.S. Supreme Court rules Lisa Cook can remain as Fed governor — for now

Cook, who was appointed to the Fed board by former president Joe Biden, has said she will not leave her job and won’t be 'bullied' by Trump.

Politics

7 d. ago Supreme Court lets Lisa Cook remain as a Federal Reserve governor for now

WASHINGTON — The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank. In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’s […]

Politics

7 d. ago A U.S. government shutdown may affect interest rates — in Canada, too

U.S. statistical agencies that provide key economic data to the U.S. Federal Reserve are among the agencies impacted by a shutdown, and an interest rate meeting is looming.

Politics

9 d. ago Gold surges to record on weaker U.S. dollar, risk of shutdown

Gold has soared 46 per cent this year, setting successive peaks on central-bank demand and Federal Reserve interest-rate cuts

Sport

1 week ago US Treasuries Gain as Inflation Reading Matches Expectations

Treasuries gained after a reading on inflation came in as expected, leaving the Federal Reserve on track to continue cutting interest rates next month.

Economics

1 week ago Fed’s favored inflation gauge accelerates slightly in August

WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February. Excluding volatile […]

Economics

1 week ago Economists Lower US Job Growth Through 2026, Fueling Rate Cuts

Economists downgraded their projections for US job growth through the end of next year, helping explain why the Federal Reserve is expected continue to lower interest rates.

Other

1 week ago Asian Stocks to Fall as US GDP Clouds Rate Outlook: Markets Wrap

Asian stocks were poised to follow Wall Street lower as better-than-forecast US economic data clouded the outlook for future Federal Reserve rate cuts.

Economics

1 week ago Asian Stocks to Fall, US Futures Wobble on Tariff: Markets Wrap

Asian stocks looked set for losses as strong US economic data and mixed signals from the Federal Reserve on rate cuts sparked worries about lofty valuations and weighed on Wall Street.

Economics

2 w. ago Asia Poised for Muted Start as Powell Holds Back: Markets Wrap

Asian stocks were poised for a muted open, with a slide in big tech snapping the S&P 500’s three-day winning streak and mixed signals from Federal Reserve Chair Jerome Powell and other officials muddying the outlook for interest-rate cuts.

Culture

2 w. ago Asian Stocks Edge Lower After Mixed Fed Signals: Markets Wrap

Asian stocks retreated after a drop in big tech halted the S&P 500’s three-day rally, while mixed signals from Federal Reserve policymakers clouded the path for interest-rate cuts.

Economics

2 w. ago Powell signals Federal Reserve to move slowly on interest rate cuts

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum […]

Other

2 w. ago Key US Inflation Metric to Ease as Focus Shifts to Jobs Market

The Federal Reserve’s preferred gauge of underlying inflation likely grew at a slower pace last month, offering policymakers some breathing room to address weakness in the US labor market.

Economics

2 w. ago Charting the Global Economy: Fed Resumes Rate Cuts While BOE Holds

The Federal Reserve cut interest rates for the first time this year and penciled in two more for next year, pointing to growing signs of weakness in the labor market.

Culture

2 w. ago Oil Swings as Traders Weigh Mixed Signals From Fed, Stockpiles

Oil swung in a choppy session as traders assess the outlook for further Federal Reserve rate cuts and American inventories.

Economics

3 w. ago Stocks Stall as Traders Mark Time Before Rate Call: Markets Wrap

Stocks treaded water as markets saw muted moves across most asset classes, with traders taking bets off the table ahead of Wednesday’s Federal Reserve interest-rate decision.

Economics

3 w. ago Senate approves White House economist Stephen Miran to serve on Federal Reserve board

WASHINGTON (AP) — The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate. The vote to confirm […]

Other

3 w. ago Gold rises close to record with Fed seen cutting rates this week

Gold rose near a record high as traders geared up for an anticipated easing of the U.S. Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,660 an ounce, after gaining for four consecutive weeks. Investors see a quarter-point cut this week, following signs of […]

Sport

3 w. ago Loonie Set for Rebound as Fed Cuts and Canada Slows Easing Cycle

Canada’s currency is poised to benefit from a smaller interest-rate gap with the US as the nation’s central bank nears the end of its monetary easing cycle while the Federal Reserve gears up for multiple cuts.

Sport

3 w. ago Bank of Canada to update interest rate this week and here's what to expect

Another Bank of Canada (BoC) interest rate announcement is coming this week, and it may be promising for Canadians.Canada's central bank held its key interest rate at 2.75 per cent for the third time this year in July amid "threats of new sectoral tariffs" and "unpredictable" U.S. trade actions.The Bank of Canada has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12.Experts are predicting that the next rate cut may be coming in the crown corporation's interest rate reveal on Wednesday, Sept. 17.Ratehub.ca mortgage expert Penelope Graham says that weaker job data in Canada and the U.S. may give the Bank a compelling reason to deliver a 0.25-point rate cut this week."Evidence is mounting that tariffs are whittling economic strength, and that some stimulus will be needed in the short term," she explains. "The growing likelihood of a similar cut from the U.S. Federal Reserve also prov...

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