Governor Tiff Macklem provided further clarity on the Bank of Canada’s substantial interest-rate cut last week. He explained that the decision to ease rates is sensible, considering how aggressively the bank raised borrowing costs in recent years to combat inflation.
In a week, Federal Reserve officials will meet to discuss the pace of interest rate cuts. Ahead of that, three key economic reports will highlight the US economy's underlying strength, despite a temporary slowdown in job growth.
India's central bank Governor Shaktikanta Das has rejected a proposal from a senior government adviser to exclude volatile food prices from inflation targets. Das emphasized that removing food prices from inflation calculations would not benefit ordinary consumers, underscoring the importance of keeping a realistic view of inflation that includes essential items.
On "Bloomberg The Close," Chuck Lieberman, co-founder and CIO of Advisors Capital Management, stated that he does not foresee the Federal Reserve pushing rates significantly lower, citing the strength of the labor market as a key factor.
