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The Federal Reserve's FOMC statement: Productivity growth is robust and capital investment is solid.
2026-10-29
The Federal Reserve's FOMC statement: Productivity growth is robust and capital investment is solid.
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2026-10-28
The Bank of Canada raised its policy rate 25bps to 2.50% on Wednesday, its first increase in more than three years. The bank expects inflation to remain well above its 2% target through 2028. BOC Governor MACKLEM said further rate increases may be ne
The Bank of Canada raised its policy rate 25bps to 2.50% on Wednesday, its first increase in more than three years. The bank expects inflation to remain well above its 2% target through 2028. BOC Governor MACKLEM said further rate increases may be necessary to curb inflation, while officials will proceed cautiously. He said the hike was needed to prevent elevated energy prices from spreading into broad-based inflation. Elevated uncertainty from a US-Canada trade dispute and the Middle East conflict keeps the bank vigilant. The BOC also raised its growth forecast, citing strong consumer spending and exports and an expected pickup in business investment as firms adopt AI and use a new tax-credit introduced by the prime minister.
2026-10-28
The Bank of Canada raised its policy rate to 2.5%, matching market expectations — its first hike since July 2023 and signaling an end to the easing cycle that began in June 2024. Fitch’s Joshua Grundleger said September core inflation eased but the B
The Bank of Canada raised its policy rate to 2.5%, matching market expectations — its first hike since July 2023 and signaling an end to the easing cycle that began in June 2024. Fitch’s Joshua Grundleger said September core inflation eased but the BOC cannot ignore elevated overall inflation. Fitch expects rates to remain at current levels through 2028, but flags upside risk to further hikes if Iran-related geopolitical uncertainty persists and oil prices stay elevated.
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