Fed’s Beige Bk Hit By Shutdown, China, Weather
WASHINGTON (MaceNews) – The Federal Reserve’s latest Beige Book survey of the nation’s economic activity debuted a new word Wednesday, “slight,” as it saw an economy hit by the government shutdown, China’s retaliatory tariffs and harsh winter weather with only “slight to moderate” growth – and Philadelphia and St. Louis districts “flat.” The winter setback […]
BANK OF CANADA HOLDS KEY RATE AT 1.75%
By Gordon Isfeld OTTAWA (MaceNews) – Lower than expected economic growth in Canada, combined with signs of weaker expansion in the United States, will likely keep interest rates on hold in this country for the near future, the Bank of Canada said Wednesday. The Bank left its trendsetting lending level on hold at 1.75%. Recent […]