Fed keeps key interest rate unchanged
Central bank foresees three rate cuts next year
- By: Christopher Rugaber, The Associated Press
- December 13, 2023 December 13, 2023
- 14:41
Central bank foresees three rate cuts next year
Statistics Canada found household disposable income rose 1.0%, while credit market debt gained 0.8%
Under 2020 changes, the regulator can target under-valued asset transfers
What happens next year is mainly in the hands of central banks, economists say
OSFI says the stress test has produced a more resilient residential mortgage financing system
More businesses are seeking credit as the end of the year approaches
Pipeline of female leaders diverted by workplace shifts, DBRS says
Investors duped by scheme that promised AI-powered trading profits
U.K. regulator says investors not getting benefit of higher interest rates as firms "double dip"
Foreign exchange gains offset by equity, bond market weakness
The mixed results show firms still have a long way to go to meet Paris Agreement targets
The stickiness of inflation in the service sector will likely keep the Federal Reserve on guard
High rates continue to affect private equity valuations, while private credit faces default risk
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