He says bright prospects for growth and employment will allow the Fed to continue raising its key policy rate at a gradual pace.
The European Central Bank could indicate as soon as March that it is mulling an earlier end to its stimulus program
Federal Reserve officials at their January meeting believed that improving global economic prospects and the effects of recently passed tax cuts had raised the prospect for solid economic growth and for continued interest rate increases in 2018. The minutes of the Fed’s Jan. 30-31 discussions showed that the officials were more optimistic about the economy […]
U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3% last month. That was the biggest climb in a year and is likely to fan inflation fears in financial markets. The Labor Department says overall consumer prices rose 0.5% in January, the most in four months. Inflation rose 2.1% from a year earlier, […]
The European Commission says the recovery across the 19-country eurozone is set to remain fairly buoyant this year. In its latest forecast, the European Union’s executive arm said it expects 2018 growth to be 2.3%, just shy of the 2.4% rate it is predicting for 2017—preliminary figures last week from the EU’s statistics agency showed […]
Investors may be wondering what to make of the dramatic sell-off
The Federal Reserve has left its benchmark interest rate unchanged but signalled that it expects to resume raising rates gradually to reflect a healthy job market and economy. At Janet Yellen’s final meeting as chair Wednesday, the Fed kept its key short-term rate in a still-low range of 1.25% to 1.5%. Yellen led a cautious […]
NAFTA negotiations took a more positive tone recently, but if the trade agreement were to go sideways, the Canadian energy sector would see little impact, says a commodity note from Scotiabank. In fact, the sector might see a benefit. Read: Why this PM is overweight energy for 2018 To explain why, the authors first note […]
Update on Jan. 22, 2018, at 2 p.m.: A Senate agreement has reopened the U.S. federal government. The U.S. government has been shut down since midnight on Friday—and that could negatively affect growth in Q1, says TD senior economist Leslie Preston in a weekly economics report. The last 16-day shutdown lowered real GDP by 0.3 […]
A cryptocurrency app that allows users to store, transfer and exchange five major cryptocurrencies, including Bitcoin and Ethereum, will soon be available for Apple and Android. deVere Crypto, from deVere Group, will be available “in a matter of weeks,” says a company release. Nigel Green, deVere Group’s CEO, says in the release that three trends […]