Bank of Canada officials split on rate cut timing, but agree easing will be gradual

theglobeandmail.com Bank of Canada officials are split on when to start lowering interest rates, but agree that the pace of cuts will likely be gradual when they do begin easing monetary…

Stock Market Today: Stocks higher with tech earnings on deck: Tesla soars

thestreet.com Check back for updates throughout the trading day U.S. equity futures were mixed in early Wednesday trading, with the dollar holding steady against its global peers, as…

German Optimism Boosts European Stocks

barrons.com The German Ifo business-climate index, a closely watched survey of business sentiment, rose for a third consecutive month in April and also beat economists’ expectations.…

Posthaste: Bank of Canada expected to hold rates, but open the door to cuts

financialpost.com It’s this tone, hawkish or dovish, that economists will be watching for hints on how long Canadians have to wait for rate relief. Those in the dovish camp expect to see a…

Opening Bell: 3.21.24

dealbreaker.com DOJ sues Apple over iPhone monopoly in landmark antitrust case [CNBC]The lawsuit claims that Apple’s anti-competitive practices extend beyond the iPhone and Apple Watch…

BOJ to hold rates with focus on hawkish signals to buoy yen

japantimes.co.jp The Bank of Japan is widely expected to leave its benchmark interest rate unchanged Friday, with investors focusing on any hints of a less dovish tilt as the yen trades…

S&P 500 to see 4700 if yields stay high, warns Morgan Stanley

investing.com April hasn’t been very welcoming for US stocks so far as higher rates continue to pressure valuations and heavy fiscal spending complicates efforts to tame inflation. As a…

How Jay Powell and the Fed pivoted back to higher for longer

finance.yahoo.com For months, Federal Reserve Chair Jay Powell offered assurances about rate cuts in 2024, arguing that hotter-than-expected inflation reports were all part of the "bumpy"…

Here's what 12 European Central Bank members said about interest rates this week

cnbc.com A host of economists and monetary policymakers gathered in New York this week for the International Monetary Fund's Spring Meetings — including numerous decision-makers from…

Fed's Goolsbee: 'It makes sense to wait' before cutting rates

finance.yahoo.com Chicago Fed President Austan Goolsbee said Friday that "progress on inflation has stalled" and that "it makes sense to wait" before cutting rates. "You never want to make…

BOJ rate hikes likely to be slower than those of peers, says board member

japantimes.co.jp Bank of Japan board member Asahi Noguchi said Thursday the pace of future rate hikes would likely be much slower than those of its global peers in recent tightenings, as the…

Mohamed El-Erian: We may have just seen a central bank shift that will go down in history

financialpost.com While far from being definite or risk free, it is a shift that would be consistent with superior economic outcomes and stands a reasonable chance of working. And it is a…