Weaker economy to weigh on metals: Moodys
Base metal price outlook weaker, precious metals stronger
- By: James Langton
- August 17, 2023 August 17, 2023
- 15:47
Canadian investors bought foreign bonds, driving outflows in the month
Policymakers said they "need to see more data" to be sure inflation pressures are abating
Annual rate falls to 6.8% largely driven by lower energy prices, according to Office for National Statistics
Wholesale sales of selected products down 2.8% to $80.5 billion in June, with ag products leading way with 19.4% drop
Seasonally adjusted count of new starts comes in at 254,966 units in July, compared with 283,498 in June
Digital fraud rose significantly in 2022, with the global attack rate up 20% year-over-year
Housing markets have settled down in recent months with prices moderating
A Colliers survey said more than half of companies have finalized their hybrid work policies
Core measures of inflation eased slightly last month
But higher interest rates are weighing on economic activities dependent on credit
With interest rates rising, the fund increased its fixed income holdings
Companies have now spent years ensuring employees can complete their duties both in-office and remotely
High prices and interest rates pose challenges to the home-building and mortgage sectors
An increase in July's report probably wouldn't be a complete surprise to the Bank of Canada
The rise is due to a surge in post-secondary students signing leases, population growth and homebuyers holding off on purchases
By all measures, inflation has cooled over the past year, moving closer to the Fed’s 2% target level but still remaining persistently above it
Legal and technical challenges must be overcome for automated contracts to pay off, Moody's says
Thursday's report is the first of two CPI numbers Fed policymakers will see before their next meeting
Outside tech layoffs early this year, companies have mostly been retaining workers
In re-election speeches, U.S. president says his agenda has triggered a resurgence in factory work