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Fed policymakers confident of need for rate hikes on eve of Trump win

Fed policymakers confident of need for rate hikes on eve of Trump win

WASHINGTON, Nov 23 (Reuters) – Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed’s Nov. 1-2 meeting showed.

The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing costs unchanged earlier this month, just days before Republican Donald Trump triumphed in the Nov. 8 presidential contest.

To read full article please click on the link below:

https://www.yahoo.com/news/fed-policymakers-confident-rate-hikes-eve-trump-win-190446000–business.html

BoC opens door to rate cut

BoC opens door to rate cut | Advisor.ca

The BoC has downgraded the country’s growth outlook yet again as it released fresh projections on Wednesday that pointed to a dampened outlook for exports and real estate activity.

The central bank also held its trendsetting interest rate at its current low level of 0.5%, as widely expected.

To read full article please click on the link below:

http://www.advisor.ca/news/economic/boc-opens-door-to-rate-cut-217775?utm_source=EmailMarketing&utm_medium=email&utm_campaign=Midday_Newsletter

At the open: TSX jumps after Fed stands pat on rates

Canada’s main stock index opened higher on Thursday after the U.S. Federal Reserve kept interest rates unchanged.

The central bank strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further.

The S&P TSX index was up 103.05 points, or 0.7 per cent, to 14,813.87 in early trading.

To read full article, please click on the link below:

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/at-the-open-tsx-jumps-after-fed-stands-pat-on-rates/article31998140/

At the open: TSX, Dow open higher ahead of Fed rate decision

Canada’s main stock index opened higher on Wednesday ahead of the U.S. Federal Reserve’s policy decision and after the Bank of Japan announced a policy framework overhaul.

Recent hawkish and dovish comments from Fed officials have stoked volatility in financial markets, although consensus is now centered on the Fed raising rates in December.

To read full article please click on the link below:

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/at-the-open-tsx-dow-open-higher-ahead-of-fed-rate-decision/article31982180/

Poloz signals delay in rate rise as economy struggles

Bank of Canada Governor Stephen Poloz is signalling that a move to raise interest rates will likely be delayed again as the Canadian economy struggles to gain traction.

Mr. Poloz acknowledged Tuesday that the central bank’s current projection that the economy will get back to full capacity near the end of 2017 may be too optimistic.

“It is quite evident that our economy is still facing strong headwinds, and we need stimulative monetary policy to counteract them and move us closer to full capacity,” Mr. Poloz said in remarks prepared for a speech to a group of economists in Quebec City.

To read full article please click on the link below:

http://www.theglobeandmail.com/report-on-business/economy/poloz-signals-delay-in-return-to-higher-rates-as-economy-struggles/article31964961/


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