Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Fed Holds Rates Steady at 3.5%-3.75% in Split Vote as Inflation Stays Sticky
The Fed held rates steady at 3.5%-3.75% in a split 9-3 vote. Inflation is still above target, and the decision came amid uncertainty about t
Fed holds rates steady but three officials dissent, pushing for a hike
The Fed held rates at 3.50%-3.75% for a fifth consecutive meeting, but three regional bank presidents dissented, pushing for a quarter-point
Fed holds rates but three officials dissent, signaling inflation worries
The Federal Reserve held interest rates steady, but three officials dissented in favor of a 0.25% hike. The unusual split signals lingering
Bank of Canada split on whether growth rebound can last amid oil and tariff risks
Bank of Canada meeting minutes reveal a split among policymakers on whether the second-quarter growth rebound is sustainable. Higher oil pri
Malaysia's Central Bank Sees Steady 4%-5% Growth in 2026 Despite Middle East Risks
Malaysia's central bank expects the economy to grow 4%-5% in 2026, building on 5.2% growth in 2025. Officials credit carefully designed refo
China's PBOC Holds Overnight Rate Steady, Ramps Up Short-Term Cash Injections
The People's Bank of China held its overnight reverse repo rate at 1.25% and added 2.1 trillion yuan in short-term cash injections. Official
Australia's inflation eases to 3.8% but electricity bills jump 22%
Australia's headline inflation eased to 3.8% in the year to June, but electricity prices surged more than 22% after government rebates expir
US consumer confidence dips in July as trade deficit narrows
US consumer confidence slipped in July as the Conference Board's index fell to 90.8, reflecting growing unease about jobs and business condi
Quebec's Economy Stalls as US Tariff Threats Weigh on Growth
Quebec's economy is already trailing the rest of Canada, and National Bank of Canada says fresh US tariff threats are making that gap harder
RBC Says Proposed 50% US Tariffs Would Hit Only a Few Canadian Manufacturing Niches
RBC Economics says last week's proposed 50% US tariffs would affect only about 5% of Canada's exports, concentrated in a few manufacturing n
US Home Prices Rise Again in May Despite Mortgage Rates Near 6.5%
US home prices continued their upward climb in May, with the Case-Shiller index showing a 1.1% year-over-year gain. The rise comes despite 3
Canada's economy shows modest May growth, but CIBC warns of cooling ahead
Canada's economy likely grew 0.1% in May, according to CIBC, but the bank warns the pace won't last. A cooler second half is expected as tem