Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a "soft landing," where it could stabilize economically after the blow by the COVID-19 pandemic, without facing a severe recession that many fear, CBC News reported https://bit.ly/3bqWcWY.
With U.S stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief, or more of the same. By any stretch, the first half of 2022 has been a challenging one for investors.
- San Francisco Federal Reserve Bank President Mary Daly on Friday said another 75 basis point interest rate hike in July is her "starting point," though if the economy slows more than she expects, a half-point hike could be reasonable.
Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase and the average contract rate on a 30-year fixed-rate mortgage approaches 6%, reducing affordability.
With U.S stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief, or more of the same. By any stretch, the first half of 2022 has been a challenging one for investors.
Speculators trimmed their net
bearish bets on U.S. Treasury five-year note futures to their
lowest since September 2021 in the latest week, but increased
bearish bets in other parts of the curve, ...
With U.S stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief, or more of the same. By any stretch, the first half of 2022 has been a challenging one for investors.
- Bringing down inflation is the U.S. central bank's "number one priority right now," but raising interest rates to do so is unlikely to trigger a recession, San Francisco Federal Reserve Bank President Mary Daly said on Friday.
* S&P 500 has biggest daily jump since May 2020. * All 11 major S&P 500 sectors higher. * Bank stocks rally after clearing Fed's stress test. * FedEx (FDX) jumps after strong forecast. * Indexes up: Dow 2.68%, S&P 3.06%, Nasdaq 3.34% By Lewis Krauskopf, Sruthi Shankar and Anisha Sircar.
The U.S. dollar slipped on Friday and posted its first weekly decline this
month, as traders pared back bets on where interest rates may peak and brought forward their outlook on the
timing of rate ...
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