Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Just a little more than half of people across Canada say they'll leave money to the next generation, Canadian Western Bank saysTORONTO — Weakness in energy and mining stocks outweighed strength elsewhere on Canada's main stock index Wednesday, which lost just a handful of points, while U.S. markets fell near the end of the day after the U.S.
Federal Reserve chose to hold on interest rates. Fed chair Jerome Powell said at a news conference Wednesday afternoon that he thinks the end is near for rate hikes, but the job on getting inflation down is not done. “The process of getting inflation sustainably down to two per centUse the tax-sheltered status of the TFSA to hold quality dividend stocks such as Enbridge and create a stable income stream.
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Fed's 'big message' will be restrictive policy for longer: EconomistMarkets and investors are waiting and wondering how much the Fed's September interest rate decision will line up with expectations, with many anticipating a rate pause this month. SEI Chief Investment Officer Jim Smigiel and Dreyfus and Mellon Chief Economist Vincent Reinhart join Yahoo Finance Live to share their predictions on Fed Chair Jerome Powell's ultimate decision. 'The Fed does not like to disappoint when the market is kind of all lined up with an expectation like they are for this week, where there will be a pause — the Fed will deliver on that,' Smigiel comments on the market's hawkish sentiment. 'However, we do think there is, at the least, one more hike baked in the cake. So that will probably come in November.' 'The big message the Fed's going to want to convey is they're going to keep policy restrictive for as long as it takes,' Reinhart outlines. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Fed leaves interest rates unchanged, implies one more hike aheadThe Federal Reserve is keeping its fed funds target rate unchanged at a range of 5.25% to 5.50%. Officials see the top end of the range as 5.75%, implying one more rate hike is ahead. In the statement, the Federal Open Market Committee reiterated that inflation remains 'elevated' and that job growth has slowed, but remains 'strong.' Yahoo Finance Federal Reserve Reporter Jennifer Schonberger breaks down the Fed's statement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Fed's Powell proceeding 'carefully' on monetary policy, inflationThe Federal Reserve is putting a pause on interest rates in September, potentially leaving room for one last hike in 2023. Yahoo Finance Fed Reporter Jennifer Schonberger breaks down Fed Chair Jerome Powell's statements on data dependency while carefully considering the next monetary policy steps to tame inflation to the 2% goal. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »