Federal Reserve expected to stand pat on rates even as Trump demands cuts
Pace of rate cuts expected to slow this year given positive economic reports
- By: Christopher Rugaber, The Associated Press
- January 27, 2025 January 27, 2025
- 07:37
Pace of rate cuts expected to slow this year given positive economic reports
Canada's central bank has lowered its overnight rate five consecutive times
A mix of executive and advisor moves were announced
Updates related to home office expenses aim for simplicity
Investment banking pipeline looks healthy, trading activity should benefit too
The index is up 0.1% relative to last year
Investor suit sought more than $1 billion, settles for $6.5 million
Settlement provides refunds to investors that bought variety of digital assets
Elevated mortgage rates, rising home prices and few properties on the market were to blame
The threat of tariffs makes the outlook for trade highly uncertain: report
The central bank cited higher wages, inflation in its decision
Finance releases draft legislation, adds to tax-filing uncertainty
The U.S. firm says it has 'long-term' plans here
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales