(Bloomberg) -- Economists again marked down their US recession forecasts on expectations that a firm job market and sturdy consumer spending will support stronger economic growth in the near term.
Economists Are Lowering Recession Forecasts on US Job Growth ExpectationsChina State Council Vows Measures to Lure Foreign InvestmentNamibia Added to Global Compliance Watchdog Gray ListLynx Air shutdown could leave travellers stranded as of MondayPutin Is Shipping Grain to Africa.
The Largesse Comes With a PriceEU to Begin Freeing Up €137 Billion in Polish Aid Next WeekGerman Economy Suffered Investment Slump at End of Last YearEx-FBI Informant Charged With Lying About Bidens Arrested AgainVenezuela Calls in Oil Debt It Once Traded Away for Literal BeansFrance Makes Urgent Pitch to Unchain Growth of EU MarketsRinggit’s Slide Is Eroding Trust in Malaysia’s Anwar, Ex-PM SaysThai Opposition Slams PM for Public Feud With BOT on Rate CutTrump Touts Abortion Rollback But...
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Bank of Canada says housing affordability is about boosting supply, not lowering interest ratesBank of Canada Governor Tiff Macklem speaks during a fireside chat Tuesday, February 6, 2024 in Montreal. THE CANADIAN PRESS/Christinne Muschi
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Bank of Canada's interest rate decision shouldn't depend on housing market, economists argueAs Canada's inflation rate fluctuates, economists suggest that the Bank of Canada should not base its interest rate decision on the housing market. The January consumer price index report is expected to show a decrease in the inflation rate. Lower energy and food prices are believed to be the main factors behind the slowdown.
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Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionJapan’s economy unexpectedly contracted for a second quarter at the end of 2023, slipping into recession and clouding the Bank of Japan’s path toward ending its negative interest rate policy.
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Gold and Silver Prices Drop on Higher-than-Expected U.S. Inflation ReadingsPrices are solidly lower, with gold hitting a three-month low and silver a three-week low, following higher-than-expected U.S. inflation readings that fall into the camp of the U.S. monetary policy hawks, who want to see the Federal Reserve hold off on lowering U.S. interest rates.
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Bank of Canada governor says cap on international student enrolments may ease rent price inflationBank of Canada governor Tiff Macklem believes that the newly announced cap on international student enrolments will help ease rent price inflation. The federal government has implemented a two-year limit on new study permits to address the strain on the housing market caused by strong population growth. While many economists agree that capping study permits may moderate rent price inflation, the extent of its impact on rental prices remains uncertain.
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