Dreaded wage-price spiral avoided — so far, NBF says
Record gap between pay and price increases has opened this year
- By: James Langton
- September 14, 2022 September 14, 2022
- 14:52
Record gap between pay and price increases has opened this year
Turmoil in global equity markets, weakness in bonds, drives asset drop
Traders are bracing for the Federal Reserve to raise interest rates even higher than expected
China and Europe are leading the downturn, while Canada and the U.S. may still skirt the worst
Stock prices tumbled and bond yields rose as many investors feared a more aggressive Federal Reserve
The slowdown was primarily driven by a sharp contraction in China, the OECD reports
Canada dropped in Natixis' annual ranking as inflation, interest rates and income inequality took a toll
There was about $1.82 in credit market debt for every dollar of household disposable income
Most major economies face signs of slowing
Investors are becoming more selective about where they deploy capital
BMO lowers 2023 GDP forecasts for Canada, U.S.
A "reasonable forecast" for longer-run equity returns is 3% to 3.5%, research says
Cooling in energy markets takes the edge off price pressure
Consumer insolvency rose to the highest level since the start of the pandemic
A full-point rate hike isn't out of the question next week, NBF says
Prices have yet to respond to rising mortgage rates, Moody's reports
Output growth outpaced hours worked for a change, but productivity lags pre-pandemic level
GDP and job markets bounced back from the pandemic, but R&D and business investment still lag
Forecasts for 2022, 2023 reduced amid rising rates, commodity price shock
Crypto is as tied to growth conditions as traditional financial assets, TD says