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Balancing act

Negative rating action rises for private borrowers

Defaults still low, but DBRS on guard for deteriorating financials

Macro close-up of Federal Reserve logo on USA Federal Reserve Note

Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty

The Fed may be able to avoid a rate hike at its next two-day meeting

German flag against down chart

German government forecasts that the country’s economy will shrink by 0.4% this year

Revises April forecast, when it predicted 0.4% growth

Miniature house on white background

Statistics Canada reports value of building permits up 3.4% in August

Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion

100-dollar-bill

Wholesale inflation in U.S. rises 2.2% in September

Biggest year-over-year gain since April

risk management

IMF outlook worsens for a ‘limping’ world economy

Mideast war poses new uncertainty

people are waiting in the aterminal with their silhouette reverse lighted image

Despite gains, Canadian job market weaker than it looks

Almost all the gains were in the historically volatile education sector, economist explains

Now hiring sign

U.S. employers add a surprising 336,000 jobs in September

This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end

Downward slide

Rising long-term interest rates pose latest threat to soft landing for U.S.

Higher borrowing costs could lead Federal Reserve to forgo another hike

Technology Blue Business Background

Canada posts $718M merchandise trade surplus for August

Exports of gold and crude oil helped drive results

Now hiring sign

More evidence U.S. job market remains hot after openings rise unexpectedly in August

American employers posted 9.6 million job openings in August, up from 8.9 million in July

Inflation

Frequent price increases by businesses contributing to sticky inflation: BoC official

Deputy governor says the bank is rethinking its assumptions about what drives inflation

canadian money house on white background

Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook

Banks and other lenders have been stretching out amortizations to reduce monthly payments

Coins in a balance

Feds post $1.2 billion deficit between April and July: Finance Department

That compares to a surplus of $6.3 billion during the same period last year

EU flags waving in front of European Parliament building. Brussels, Belgium

Inflation drops to a two-year low in Europe

Annual rate pegged at 4.3% this month, a drop from 5.2% in August

US money and graph

Higher gas prices lift inflation gauge but underlying price pressures remain mild

Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting

Canadian money

Statistics Canada reports real GDP essentially unchanged in July

Services-producing industries gained 0.1% in the month, goods-producing industries contracted 0.3%

United States Capitol building, Washington DC, USA

What would a U.S. government shutdown mean?

Impacts to Social Security, travel, student loans and more explained

ALASKAJADE / 123RF STOCK PHOTO

Canadian economy to get back on its feet next year: Deloitte Canada

Recovery will pick up steam in the second half of 2024, the company forecast

U.S. flag

U.S. economy grew at 2.1% rate last quarter

Surprising resilience continues amid tighter monetary policy

Worker in protective clothing in factory using machine

Labour slack grows, but wage inflation persists

Payroll employment flat, vacancies rise, StatsCan reports

collage of people

Record population growth persists: StatsCan

At current rates, population would double in 25 years

dollars and credit cards

U.S. consumer spending to cool sharply: Fitch

Households to curtail spending amid softer labour markets, easing wage growth

Interest rate dice

Markets gird for higher-for-longer rates: Moody’s

Central banks' next moves likely to be cautious, data-driven

  • By: Staff
  • September 25, 2023 September 25, 2023
  • 15:11
Federal Reserve building

Why the U.S. job market has defied rising rates and expectations of high unemployment

The unemployment rate has scarcely budged since the Fed began a series of 11 rate hikes