U.S. economists split on rate hike timing
Inflation, economic recovery and job market seen to be driving the Fed
- By: James Langton
- December 7, 2021 December 7, 2021
- 17:38
Inflation, economic recovery and job market seen to be driving the Fed
Franklin Templeton experts predicted where they see inflation and interest rates going
The median price of a single-family home reached $525,000
Total exports grew 6.4% to a record $56.2 billion
Model forecast jumps on recent robust readings
The U.S. economy still remains under threat from a spike in inflation, shortages of labour and supplies
Declining unemployment and rising job vacancies could lead to worsening labour shortages or skill mismatches
Spending was more than three times what was planned, an FP Canada survey found
Prices hit an all-time high
Both business and consumer insolvency figures were lower
Steady monthly increases in oil releases will continue
Powell also elevated inflation-fighting as a more urgent priority than supporting job growth
Even before the omicron variant appeared, consumer optimism was being tested by price spikes
Research sees growing demand for edge in data and analytics
High-contact services like restaurants and hotels were the largest contributors to the quarterly gain
The sector faces challenges as the pandemic stymies immigration and causes people to rethink their careers
For now, omicron hasn't much affected the Fed's economic outlook
The latest EY Global Institutional Investor Survey also examined how respondents are adopting ESG processes
Pandemic has driven return to surplus after years of deficits
This week's earnings are the first since Canada's banking regulator lifted pandemic restrictions
A BoC paper suggests that if the beneficiaries of weak rules outnumber the likely casualties, regulatory failure can arise
The S&P 500 index dropped 106.84 points, or 2.3%, marking its worst day since February