News

Wholesale costs fell in April but consumer price increases are likely on the way
Producer Price Index, a measure of wholesale costs, fell 0.5% in April. Margins are squeezed by tariffs and firms will likely ...
USD/CAD loses ground to near 1.3950 on weak US economic data
The USD/CAD pair loses ground to near 1.3955 during the early Asian session on Friday. The Greenback weakens against the ...
How The Fed’s Next Move Could Make Or Break Job Prospects For New Grads
As the Federal Reserve signals possible rate cuts, new graduates face a changing job market. Explore how interest rates may ...
S&P 500 Rises as Fed-Cut Bets Sink Treasury Yields: Markets Wrap
Wall Street traders drove stocks higher as bond yields sank after the latest economic data spurred speculation the Federal ...
Fed chief Jerome Powell warns that U.S. could face "supply shocks"
The Fed's warning echoes that of analysts who say U.S. companies could face inventory shortfalls as a result of ...
Powell warns of persistent supply shocks and higher long-term rates as Fed rethinks strategy
Central bank chair flags economic volatility, says 2020 framework may need key revisions Federal Reserve Chair Jerome Powell ...
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US Stock Market Highlights: S&P 500 closes higher for a fourth day, Dow jumps more than 250 points
The S&P 500 rose for a fourth consecutive session on Thursday (May 15), buoyed by easing trade tensions between the US and ...
As the Fed devises its new strategy, Powell sees an economy with ‘more volatile’ inflation
Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider ...
Banxico cuts rates by 50 basis points as expected, to 8.50%
On Thursday, Banco de Mexico (Banxico) reduced interest rates by 50 basis points from 9% to 8.50% on an unanimous vote.
Powell signals return toward inflation-first strategy
In the wake of the pandemic, long-term interest rates are now much higher than in the 2010s. In part, these higher rates "reflect the possibility that inflation could be volatile going forward than in ...
Powell warns economy could face more frequent 'supply shocks'
Fed Chair Jerome Powell spoke about how the central bank's monetary policy framework could shift if inflation is more volatile and supply shocks more common.