This week, the U.S. Federal Reserve kept its interest rate at a range between 1.5 to 1.75%. However, we may see an increase as soon as next month due to… Continue reading »
Tag Archives: interest rate increase
U.S. Fed Hikes Interest Rate By Quarter Point; Two More Hikes Expected in 2018
As expected, the U.S. Federal Reserve raised its benchmark interest rate by 25 basis points this afternoon. This is the sixth time it raised… Continue reading »
Breaking: Bank of Canada Announces Overnight Rate Hike to 1%
As widely suspected, the Bank of Canada (BoC) is raising its key benchmark interest rate to 1 per cent. The Bank says recent strong economic indicators… Continue reading »
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Reasons Why a Rate Hike is on the Horizon
There’s speculation the Bank of Canada may raise its key interest rate at its next scheduled announcement on July 12, due to comments Bank of Canada Governor Stephen Poloz recently made to the media about the conditions needed for higher rates… Continue reading »
U.S. Federal Reserve Raises Rates Again
For the third time in six months, the U.S. Federal Reserve has raised its benchmark interest rate – this time, by a quarter-point. The announcement, widely predicted by economists, is the latest vote of confidence in the U.S. economy. It’s also an indication that Federal Reserve Chairperson, Janet Yellen, is seeking to normalize rates from the rock bottom lows they’ve sat around since the financial crisis in 2008. Continue reading »