Making sense of the markets this week: April 2, 2023 Mar 31st
The best travel credit cards in Canada for 2023 Nov 24th
The 11 best travel credit cards in Canada for July 2023 Jul 13th
The best Visa credit cards in Canada for August 2023 Sep 1st
The Best Online Banks in Canada for 2022 Oct 24th
Making sense of the markets this week: July 31
– moneysense.ca
With earnings season in full swing, there’s a lot to catch up on this week, as we try to make sense of the markets that defy being described by a simple narrative.
For some time, I’ve been writing about inflation—and the accompanying responses from governments and central banks around the world—as a dominant theme moving the markets. That appeared to be largely the case this week again, as the U.S. Federal Reserve raised its benchmark lending rate by the expected amount of 0.75%. This brings the key rate to 2.5% and it’s now equal to that of the Bank of Canada.
The markets appeared to take the move in stride, and they seemed reassured by Federal Reserve chair Jerome Powell’s comments in regards to possibly easing off the interest rate throttle in future months. That’s provided inflation numbers begin to make their down from recent highs…