The continued positive inflation and labor market data led to the cut, Goldman Sachs Chief Economist Jan Hatzius wrote in a note. The investment bank said it expected reacceleration in real disposable income next year on the back of continued solid job growth and rising real wages. U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged in its policy meeting this month.
Telus stock is a top TSX telecom company and offers a dividend yield of over 6%. But is it a good buy today? The post Is Telus Stock a Buy in September 2023? appeared first on The Motley Fool Canada.Jeremy Siegel says a brighter earnings outlook, and the prospect of no more interest-rate hikes until at least December, are good news for stocks.
Calgary mortgage broker Max Singh says it's like running full tilt, but getting nowhere. A financial morass where you can't get break free."You're not moving forward with your financial picture," said Singh.Singh, who's been in the financial services sector for 20 years and a mortgage broker in Calgary for the past nine, says he's seeing more clients accept longer amortization periods to lower their borrowing costs.Thirty-year terms, even 35.
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