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The #FederalReserve held interest rates steady at 3.75% to 4% on Wednesday, with Fed Chairman Kevin Warsh pointing to resilient consumer spending, strong investment, and a historically low jobless rate. But he also said #inflation remains above the Fed’s 2% target -- and getting prices under control remains the focus.
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The #FederalReserve held interest rates steady at 3.75% to 4% on Wednesday, with Fed Chairman Kevin Warsh pointing to resilient consumer spending, strong investment, and a historically low jobless rate. But he also said #inflation remains above the Fed’s 2% target -- and getting prices under control remains the focus.
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Bank of Canada raised its policy interest rate by 25 basis points The Bank of Canada has hiked its overnight rate by a quarter per cent, the first time for an increase since 2023.
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Bank of Canada raises interest rate, first hike since July 2023 The Bank of Canada has hiked its overnight rate by a quarter per cent, the first time for an increase since 2023. FULL STORY: https://www.ctvnews.ca/business/inflation/article/bank-of-canada-raises-key-interest-rate-says-another-hike-possible/
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