Federal Reserve’s favoured inflation gauge tumbles in November
Month-over-month drop was the largest since April 2020
- By: Paul Wiseman, The Associated Press
- December 22, 2023 December 22, 2023
- 11:41
Month-over-month drop was the largest since April 2020
While pockets will suffer from rising rates, overall stress should be modest
Such numbers won't keep climbing, analysts warn
Net sales have been negative since March
Members of governing council were more optimistic about the country's inflation outlook and found "recent data pointed in the right direction"
Deal struck after France and Germany agree on how to support investment when budget deficits exceed set limits
Without a surging population, inflation may already be under control, NBF report suggests
Existing home sales rose 0.8% in November to seasonally adjusted annual rate of 3.82 million
Drop to two-year low of 3.9% in November was bigger than anticipated in financial markets
Central bank is not expected to rush its exit from quantitative easing
The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year
Economists say the slightly disappointing figure doesn't change the Bank of Canada's plans
There were notable slowdowns in two of Canada's most expensive major cities for renters
The sector's assets and share of global assets dropped last year, according to the FSB
Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO
It's still too early to consider cutting the policy rate, the Bank of Canada governor said in a speech
Foreign investors sold Canadian securities, while Canadians divested U.S. stocks
Earnings expectations will need to account for a changing environment
Unemployment has since increased in Canada, but declined in the U.S.
Central bank foresees three rate cuts next year
Statistics Canada found household disposable income rose 1.0%, while credit market debt gained 0.8%
What happens next year is mainly in the hands of central banks, economists say
More businesses are seeking credit as the end of the year approaches
Pipeline of female leaders diverted by workplace shifts, DBRS says