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Bank of Canada may need another big rate cut to adjust for slow growth, economists say

By Promit Mukherjee OTTAWA (Reuters) - The Bank of Canada's annual economic growth forecast is overly optimistic, economists said, and...

Fed Stuck on Six-Week Data Cycle When Investors Want a Forecast

(Bloomberg) -- For the past several months, Federal Reserve Chair Jerome Powell has hammered home the idea that interest-rate decisions will be made meeting...

Unemployment rate falls to 6.5% in Canada but ‘mixed signals’ muddy odds of a 50 bp rate cut

Headline Canadian labour market data defied expectations in September, with a net 46,700 jobs added and the unemployment rate dropping to 6.5 per cent,...

Trump election win would be ‘particularly poor’ for Canada’s economy: Desjardins

A U.S. election win by Donald Trump and a Republican sweep of Congress would “be particularly poor for the Canadian economy,” likely depressing exports...

RBNZ Seen Stepping Up Rate Cuts on Inflation Undershoot Risk

(Bloomberg) -- New Zealand’s central bank will cut interest rates by half a percentage point at each of its two remaining policy meetings this...

What 3 economists say is in store in a second Trump economy

"Chaos." "Destructive." "A big hit to people's pocketbooks."That's what the economy will look like under a second Trump administration, according to three economists across...

BOJ Holds for Now While Mulling Timing of Next Rate Hike

(Bloomberg) -- The Bank of Japan kept policy unchanged Friday as it avoided a repetition of the market meltdown that followed its July rate...

The Fed welcomes a ‘soft landing’ even if many Americans don’t feel like cheering

WASHINGTON (AP) — When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring...

China Factory Activity Extends Slide as Headwinds Mount

(Bloomberg) -- China’s factory activity contracted for a fourth straight month in August, the latest sign the world’s No. 2 economy may struggle to...

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