Although last month brought a tinge of optimism to the Greater Toronto Area home sales front, August saw transactions fall back. The latest figures...
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The White House welcomed new economic data released Wednesday showing year-on-year inflation hit its lowest level in more than three years in July, the latest sign that the worst price surge in four decades is fading and the Federal Reserve will cut interest rates in September. The Labor Department’s report Wednesday showed consumer prices rose just 0.2% from June to July after falling slightly in the previous month. Measured from a year earlier, prices rose 2.9%, down from 3% in June. That was the smallest gain since March 2021. Speaking to reporters, Council of Economic Advisers Chairman Jared Bernstein said the U.S. is “moving in the right direction on inflation and doing so with momentum.” But he acknowledged that “while the trends look good, our work is far from done.” The ongoing slowdown in inflation could weigh on the presidential campaign, as former President Donald Trump has highlighted rampant inflation as a major failure of the Biden administration and its energy policies. Vice President Kamala Harris said she would soon unveil new proposals to “bring down costs and also strengthen the economy as a whole.” The government said almost all of July’s inflation reflected rising rents and other housing costs, …
Although last month brought a tinge of optimism to the Greater Toronto Area home sales front, August saw transactions fall back. The latest figures...
In a widely anticipated move, the Bank of Canada (BoC) has announced another quarter-point decrease to its policy interest rate, bringing it down to...
In a widely anticipated move, the Bank of Canada (BoC) has announced another quarter-point decrease to its policy interest rate, bringing it down to...
Friday's jobs report is being looked at carefully for two reasons: First, the Fed meets again on September 18. It has kept interest rates high...
Governing Council was out for August, but tomorrow — on Wednesday, September 4 — they’ll be back for the third-last interest rate announcement...
Governing Council was out for August, but tomorrow — on Wednesday, September 4 — they’ll be back for the third-last interest rate announcement...
The number of firms in England and Wales going bust last month rose by 16% year-on-year, according to official figures. Commentators said the 2,191...
A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk...
The Australian Bureau of Statistics has released the July monthly Consumer Price Index (CPI) data. The monthly CPI indicator was 3.5% in the 12 months...
Australia's annual inflation rate rose to 3.5 per cent in the 12 months ended July, which was a little hotter than expected but down from 3.8 per cent...