OTTAWA - Bank of Canada governor Tiff Macklem says central banks will make monetary policy decisions geared toward their own economies, which means some countries may begin cutting interest rates before others. Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. Friday. “We've all been resolute in our commitment to restore price stability, and we've matched those words with action that has helped us all bring...
Canadian investors and borrowers are on the edge of their seats as they
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...
The Kansas Legislature adjourned on Tuesday after approving a new tax cut package. The new proposal is a slight modification of the previous plan that Governor Laura Kelly had vetoed. The bill would restructure income taxes into
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.
HKMA reiterated its warning for Hong Kong’s borrowers to “carefully assess” their financial power in considering buying property or taking on mortgages, as high interest rates “may last some time.”
The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated. | Economy
With climate change continuing its relentless march, the world faces not only rising temperatures and extreme weather but also an insidious threat to our homes: invasive termites. And the bill could be steep; invasive termites currently cost over US $40 billion annually.
The EU Foreign Policy Chief, Joseph Borrell, said on 29 April that several
The Minister said once the reports are published she will make a decision on the future funding of RTÉ.
Morgan Wallen broke his silence Friday, nearly two weeks after he was arrested in Nashville for allegedly throwing a chair off a rooftop bar. The country star took to X, formerly Twitter, to denounce his actions while reassuring fans his One Night at a Time tour will continue as planned. "I didn't feel right publicly checking in until I made amends with some folks," Wallen wrote on social media. "I’ve touched base with Nashville law enforcement, my family, and the good people at Chief’s. I'm...
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept […]