Tag: Interest Rate hikes
As US Economy Stagnates, 30-year Mortgage Rate Soars
According to S&P Global’s U.S. Composite PMI Index which was released on August 23 and tracks manufacturing...
Federal Reserve Hikes Interest Rates to Highest Level Since 2001
On July 26 (Wednesday), the U.S. Federal Reserve raised interest rates by 25 basis points. It’s the 11th...
Canadian Inflation Slows in January, Food Prices Continue to Rise
Statistics Canada’s latest data on Feb. 21 show that Canada’s inflation rate slowed to 5.9 percent in...
Bank of Mexico Hikes Interest Rate to 10.50%, Signal Another increase Coming
The Bank of Mexico raised its key interest rate by an expected 50 basis points to a record 10.50% on...
Bank of Canada Says it Cannot yet Relax Pace of Rate Hikes
The Bank of Canada cannot relax its current rapid pace of rate hikes because it has yet to see evidence...
Federal Reserve Will Hike Interest Rates Six Times by end of 2023, Claims Equity Strategist
Inflation is one of the hottest economic topics right now. Investors are closely watching the Federal...