Bank of Canada Still Tracking Toward Another Rate Rise in July

wsj.com TD Securities strategists Andrew Kelvin and Chris Whelan say they don’t believe Canada’s jobs data for May is weak enough to change the Bank of Canada’s direction in July,…

Gold price going into Fed decision: selloff or test of $2k?

kitco.com With Federal Reserve rate hike expectations see-sawing on mixed macro data, most analysts call for a pause in June but are not ruling out more rate hikes this summer. Here's…

Treasury yields a touch firmer as market eyes approaching Fed decision

marketwatch.com Bond yields were little changed on Friday as traders kept their powder dry ahead of next week’s inflation data and Fed decision With no notable economic releases due Friday,…

A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

news.yahoo.com The United States narrowly avoided a default when President Joe Biden signed legislation on Saturday that allowed the Treasury Department, which was perilously close to…

Bank of Canada raises interest rate to highest in 22 years

aljazeera.com The central bank had been on hold since January, but found excess demand in the economy was keeping inflation high. The Bank of Canada on Wednesday hiked its overnight rate…

Bank of Canada hikes rates to 22-year high, more increases expected

reuters.com The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet…

Fed on hold in June, but one-third of economists expect another hike soon: Reuters poll

reuters.com The U.S. Federal Reserve will not raise rates for the first time in well over a year at its June meeting, according to economists polled , but a significant minority expects…

Australia’s central bank warns of more hikes ahead after raising rates to 11-year high

theglobeandmail.com Australia’s central bank on Tuesday raised interest rates by a quarter-point to an 11-year high, and warned that further tightening may be required to ensure that inflation…

With the debt limit raised, Uncle Sam needs to refill its bank account

axios.com With a debt ceiling deal signed, sealed and delivered, it’s time for Uncle Sam to refill its bank account. Why it matters: It’s yet another example of the chaos caused by…

A Fed skip? Pause? Either way, investors aren't likely out of the woods yet

marketwatch.com The S&P 500 index almost exited its longest bear market in decades on Friday. Everything’s okay now. Right? Maybe not. Even if the Federal Reserve skips an interest rate…

U.S. Job Growth Jumps: Live Updates

nytimes.com Chart showing that wage growth and inflation are both falling, though inflation is still higher. In May, average hourly earnings were up 4.3 percent from the year before,…

U.S. employers added 339,000 jobs in May

nytimes.com Chart showing that wage growth and inflation are both falling, though inflation is still higher. In May, average hourly earnings were up 4.3 percent from the year before,…

Strong Jobs Numbers Complicate Picture as Fed Hints at a ‘Skip’

nytimes.com Chart showing that wage growth and inflation are both falling, though inflation is still higher. In May, average hourly earnings were up 4.3 percent from the year before,…

Ottawa backs $3-billion of debt for Trans Mountain pipeline

theglobeandmail.com Ottawa has backstopped $3-billion more in debt for Crown-owned Trans Mountain Corp.’s delayed and overbudget oil pipeline expansion, but the government maintains its…

Analysis: US corporate debt binge could be hard to sustain

reuters.com Large U.S. companies have been on a bond issuance binge but this rapid pace in supply may be hard to sustain ahead of expected volatility related to extending the U.S. debt…

Treasury Bills Climb as Traders Back Congress to Pass Debt Deal

yahoo.com Soon-to-mature Treasury bills rallied as trading resumed after the Memorial Day holiday, following a tentative deal over the debt ceiling which eased concerns of a US…