U.S. Federal Reserve Raises Rates Again
Economic News / RSM News

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 »

No Surprise: Bank Leaves Interest Rate Untouched
Banking 101 / Economic News / RSM News

No Surprise: Bank Leaves Interest Rate Untouched

As universally expected, the Bank of Canada is maintaining its target overnight rate at 0.5 per cent. It’s been at this level since mid-2015, so in other words, this is the 15th consecutive meeting where rates have remained unchanged. In its accompanying statement, the Bank says there are still several key reasons for keeping rates at near historic lows… Continue reading »