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Vanguard Says Fed’s Caution Will Hold Back Canada on Rate Cuts

(Bloomberg) — The Bank of Canada may hesitate to make aggressive rate cuts until policymakers feel assured the Federal Reserve is ready to start lowering borrowing costs, Vanguard Group economist Roger Aliaga-Diaz said. Most Read from Bloomberg Fed policymakers last week shifted their forecasts for the path of interest rates, signaling just one cut in […]

ECB Divergence From Fed Would Fuel Inflation, Holzmann Says

Yahoo Finance Video How Gen Z may be skewing the employment data Hiring stayed hot in May. The US added 272,000 jobs last month versus the estimated 180,000. The unemployment rate ticked higher to 4.0%, but average hourly earnings rose more than expected. So what does this mean for the Federal Reserve? Deutsche Bank Securities […]

Wall Street stocks close slightly lower; jobs data strong but rates still high

By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S. jobs data pointed to a robust economy but prompted worries the Federal Reserve may wait longer to cut interest rates than many investors had hoped. The U.S. economy generated about 272,000 jobs in May, far […]

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