Top Results For: interest rates

A sell-off for artificial-intelligence stocks is hitting Wall Street again after whipping around the world on worries about how much longer the AI frenzy will last.

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation.

U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges among American voters.

The Fed generally fights inflation by raising interest rates to cool borrowing and spending. Historically, such rate hikes have often slowed growth and have even led to recessions.

The U.S. Federal Reserve hiked interest rates for the first time in three years on Wednesday, and several economists say this could add pressure on the Bank of Canada.

Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates soon to bring it down.

Experts say a sharp rise in U.S. bond yields this week was a major warning sign about inflation, interest rates and economic uncertainty.

The Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.

Global bond yields have been spiking in recent months, especially U.S. Treasuries, while the perceived value of precious metals like gold and silver have been on the decline.

Interest in the Vancouver race appears high. The City of Vancouver says more than 103,000 people have voted in advance, up 60 per cent from roughly 65,000 voters in 2022.

The privately owned utility says the complicated financial scheme, known as “securitization,” could result in a 2.9 per cent surcharge on residential power bills next year.

A new report released Tuesday from Deloitte says the Canadian economy performed better than expected so far this year, but that momentum is losing steam amid new trade tensions.

The foreign homebuyers ban is scheduled to expire on Jan 1, 2027, which means home prices are at risk of rising sharply if there is pent up demand from non-residents.

U.S. inflation accelerated last month as gasoline and many other goods and services became more expensive just a few weeks before midterm elections.

The unemployment rate ticked up slightly to 6.5 per cent from 6.4 per cent from August to September, data from Statistics Canada showed on Friday.

Canadians could wind up with a bigger grocery bill in the coming months as a major price "shock" for diesel and crude oil works its way through supply chains, Scotiabank says.

American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday.

The U.S. 10-year Treasury bond yield is now hovering above the five per cent threshold for the first time in nearly two decades amid ongoing economic uncertainty.

Canadian borrowers may wind up paying more for some mortgages and other loans as government bond yields continue to rise worldwide, including in France.

Consumers could be facing higher borrowing costs for longer as bond markets are once again signalling rising economic risk to the finance and investing community.