Bank of Canada Expected to Lift Key Rate by 75 Bps in Front-Loading Move to Fight Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to raise its policy interest rate — the target for overnight lending rates — by 75 basis points to 3.25% on Wednesday as part of its front-loading credit tightening drive to bring down decades-high inflation above 7% to its 2% target. The move […]
ISM: US August Service Sector Growth Slightly Higher on New Orders, Jobs, Easing Supply Bottlenecks 
–ISM’s Nieves: Port Congestion Has Eased but Unloading Taking Time–ISM’s Nieves: Firms Still Face Price Pressures but Inflation Peaking –ISM’s Nieves: China Factory Shutdown Amid Covid Restrictions Affecting US Imports By Max Sato (MaceNews) – US service sector growth accelerated slightly in August on higher new orders, improving employment and easing supply constraints, after […]
Likely Win By Italy’s Right-Wing Coalition Would Upset EU Pandemic Aid Plans, Slow Economy – Ruling Coalition Sources
By Silvia Marchetti ROME (MaceNews) – An expected right-wing coalition victory in upcoming elections could delay Italy’s deployment of key European pandemic aid funds aimed at supporting the recovery, with the result of lower growth, warned outgoing ruling coalition sources. Democrat party sources argued that the electoral program of the far-right alliance aims at changing […]