More news on this subject
Profile picture of Reuters
Bank of Canada likely to lead the U.S. Fed in rate cuts: The Bank of Canada (BoC) is likely to move ahead of the U.S. Federal Reserve on its first rate cut ...
reuters.com/business/finance/bank-canada-likely-lead-us-fed-rate-cuts-2024-03-26/
Bank of Canada likely to lead the U.S. Fed in rate cuts
Quick Glance: Bank of Canada Likely to Lead U.S. Fed in Rate Cuts
  • The Bank of Canada is likely to move ahead of the U.S. Federal Reserve on its first rate cut, as tepid economic growth and cooling inflation are priming up conditions to ease borrowing rates sooner, economists and analysts said.

  • Canada may also need deeper cuts in the current cycle, since the economy is much more sensitive to interest rates due to its household debt, which as a percentage of net disposable income is the highest among G7 countries.

  • Canada is expected to cut more aggressively over a longer time frame than its neighbor.

  • Bank of Canada Governor Tiff Macklem has said that despite two back-to-back soft inflation prints, underlying price pressures in the economy still persisted and it was still too early to consider a cut.
Profile picture of The Hill (newspaper)
Climate change driving up inflation in food prices: Study: Rising global temperatures are associated with inflation in food prices, both in regions that are ...
thehill.com/policy/energy-environment/4554700-climate-change-driving-up-inflation-in-food-prices-study/
Climate change driving up inflation in food prices: Study
Profile picture of tagesschau.de
Economic institutes lower growth forecast to 0.1 percent: The leading economic institutes in Germany have drastically revised their forecast downwards ...
tagesschau.de/wirtschaft/fruehjahrsprognose-institute-100.html
Economic institutes lower growth forecast to 0.1 percent
Profile picture of PistonHeads UK
Toyota confirms UK pricing for new GR Yaris: £10k price rise for Toyota's hot hatch hero - and the special editions are £60k...
pistonheads.com/news/ph-japanesecars/toyota-confirms-uk-pricing-for-new-gr-yaris/48353
Toyota confirms UK pricing for new GR Yaris
Profile picture of Reuters
Dow, S&P fall for third straight session with inflation data eyed: U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and ...
reuters.com/business/futures-rise-megacap-chip-stocks-bounce-2024-03-26/
Dow, S&P fall for third straight session with inflation data eyed
Profile picture of Axios (website)
Oil's Red Sea problem is getting harder to ignore: Oil shipments and prices are being disrupted by turmoil on the high seas.
axios.com/2024/03/26/crude-oil-markets-red-sea
Oil's Red Sea problem is getting harder to ignore
Profile picture of Radio New Zealand
Higher olive oil prices due to shortage - Foodstuffs: Supermarket giant Foodstuffs is warning of a olive oil shortage and in turn higher prices at the checkout.
rnz.co.nz/news/country/512615/higher-olive-oil-prices-due-to-shortage-foodstuffs
Higher olive oil prices due to shortage - Foodstuffs
Profile picture of stern.de
Germany's economy: Institutes drastically reduce growth forecast: Germany's leading economic institutes have reduced their growth expectations for the current ...
stern.de/wirtschaft/news/deutschlands-wirtschaft--institute-senken-wachstumsprognose-drastisch-34580142.html
Germany's economy: Institutes drastically reduce growth forecast
Profile picture of The Sydney Morning Herald
‘Distinction the new credit’: Grade inflation puts uni integrity at risk: An investigation into grade inflation by Sydney University found a 234 per cent ...
smh.com.au/national/nsw/distinction-the-new-credit-grade-inflation-puts-uni-integrity-at-risk-20240321-p5fe7i.html
‘Distinction the new credit’: Grade inflation puts uni integrity at risk
Profile picture of tagesschau.de
Poverty situation in Germany remains mixed: 2022 was the year of rapid inflation. However, according to the poverty report by the Paritätischer Gesamtverband ...
tagesschau.de/inland/gesellschaft/armut-inflation-100.html
Poverty situation in Germany remains mixed
Profile picture of Reuters
Federal Reserve expected to cut rates, lift Biden's prospects: The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season ...
reuters.com/markets/us/federal-reserve-expected-cut-rates-lift-bidens-prospects-2024-03-25/
Federal Reserve expected to cut rates, lift Biden's prospects
Profile picture of Insider (news website)
Stock market today: Indexes slip again ahead of inflation data: Stocks logged another losing session on Tuesday, after closing lower in the prior two sessions ...
markets.businessinsider.com/news/stocks/stock-news-today-rally-fed-comments-pce-inflation-data-powell-2024-3
Stock market today: Indexes slip again ahead of inflation data
Profile picture of Los Angeles Times
Ready for spring break travel? L.A. County gas prices top $5 a gallon: Higher crude oil prices and increased demand for fuel from spring break road trips have ...
latimes.com/california/story/2024-03-24/gas-prices-in-la-over-5-a-gallon
Ready for spring break travel? L.A. County gas prices top $5 a gallon
Quick Glance: Rising Gas Prices in California during Spring Break
  • The surge in crude oil prices and the increased demand for fuel due to spring break have led to rising gas prices in California.

  • Drivers in Los Angeles County are even experiencing higher prices, averaging $5.035.

  • Moreover, California is set to transition to its summer gas blend, potentially costing 15 cents more per gallon than the current winter blend, as mentioned by Shupe.

  • The national average for a gallon of gas stands at $3.533, as reported by AAA.
Profile picture of Reuters
Yen hits 34-yr low ahead of key US inflation data: The yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly after Japan's top ...
reuters.com/markets/currencies/dollar-steadies-yen-teeters-ahead-key-us-inflation-data-2024-03-27/
Yen hits 34-yr low ahead of key US inflation data
Profile picture of Reuters
Australia survives sold out Taylor Swift shows without spike in inflation: Australia survived sold out Taylor Swift concerts in Sydney and Melbourne without a ...
reuters.com/world/asia-pacific/australia-inflation-holds-two-year-low-34-feb-2024-03-27/
Australia survives sold out Taylor Swift shows without spike in inflation
Profile picture of CNN.com
Why Costco’s hot dog is still $1.50 when everything has gotten so expensive: Inflation has touched nearly everything these last few years — even Trader Joe’s ...
cnn.com/2024/03/27/economy/costco-hot-dog-inflation/
Why Costco’s hot dog is still $1.50 when everything has gotten so ...
Profile picture of Reuters
Nigeria's naira rose to a five-week high against the dollar in intraday trading on Wednesday, a day after the central bank hiked interest rates to tame ... Show more
Profile picture of Daily Nation
Why investors are dumping the capital markets for real estate: Assets that were previously highly preferred by investors have grown less popular.
nation.africa/kenya/business/why-investors-are-dumping-the-capital-markets-for-real-estate-4570598
Why investors are dumping the capital markets for real estate
Profile picture of The New Zealand Herald
Rentals costing landlords up to $450 a week in top-ups: The five things you need to know about the housing market this week.
oneroof.co.nz/news/rentals-costing-landlords-up-to-450-a-week-in-top-ups-45221
Rentals costing landlords up to $450 a week in top-ups
Profile picture of USA Today
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.: The Fed's plans to cut interest rates seems to be driving up stocks and your 401(k) ...
usatoday.com/story/money/2024/03/24/fed-rate-cuts-stocks-economy/73074366007/
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.
Profile picture of Sky News
Money blog: Eight major price rises next Monday - but it's not all bad news: National Price Hike Day is on Monday, with water bills, broadband ...
news.sky.com/story/money-latest-mortgage-rates-house-prices-blog-sky-news-live-13040934
Money blog: Eight major price rises next Monday - but it's not all bad ...
Profile picture of Reuters
Singapore Feb core inflation accelerates to 7-month high amid Lunar New Year: Singapore's February core inflation accelerated to its fastest pace in seven months ...
reuters.com/world/asia-pacific/singapore-february-core-inflation-rises-36-yy-2024-03-25/
Singapore Feb core inflation accelerates to 7-month high amid Lunar New ...
Profile picture of Bloomberg
Powell Juices Bond Market Bet on Inflation With Tilt to Jobs: Federal Reserve Chair Jerome Powell’s increasing focus on protecting the job market is encouraging ...
bloomberg.com/news/articles/2024-03-28/powell-juices-bets-in-bond-market-on-inflation-with-tilt-to-jobs
Powell Juices Bond Market Bet on Inflation With Tilt to Jobs
Profile picture of South Wales Argus
DWP Pension increase next week 'not enough' experts warn: Pensioners will see their state pension increase by up to £900 from April 1
southwalesargus.co.uk/news/24214655.dwp-pension-increase-next-week-not-enough-experts-warn/
DWP Pension increase next week 'not enough' experts warn
Profile picture of The Age
We’ve stopped splurging – but have we finally tamed inflation?: The latest monthly data shows there’s no sign of inflation heating up again ...
theage.com.au/politics/federal/we-ve-stopped-splurging-but-have-we-finally-tamed-inflation-20240327-p5ffny.html
We’ve stopped splurging – but have we finally tamed inflation?
Profile picture of Quartz
Not even Taylor Swift could drive up Australian inflation: There's no bad blood between the pop superstar and the Australian Bureau of Statistics
qz.com/taylor-swift-eras-tour-australia-inflation-1851368762
Not even Taylor Swift could drive up Australian inflation
Profile picture of Bloomberg
Sri Lanka March Inflation Cools, Backing Case for Easing Policy: Sri Lanka’s inflation cooled for the second straight month in March, backing the central bank’s ...
bloomberg.com/news/articles/2024-03-28/sri-lanka-march-inflation-cools-backing-case-for-easing-policy
Sri Lanka March Inflation Cools, Backing Case for Easing Policy
Profile picture of Milwaukee Journal Sentinel
Quick Glance: Bittersweet Easter for Chocolate Lovers and African Cocoa Farmers
  • Changing climate negatively impacts global cocoa supply and West African cocoa farmers’ earnings.

  • Cocoa exports from Ivory Coast down by a third lead to a sharp rise in cocoa prices globally.

  • Major chocolate manufacturers increase chocolate prices to boost profits while consumers pay more.

  • Smaller chocolate businesses struggle with rising cocoa prices and declining sales as efforts to boost cocoa production are implemented.
Profile picture of Frankfurter Allgemeine Zeitung
Expensive Easter chocolate bunnies: Is chocolate inflation a greed inflation?: The price of numerous chocolate products has risen significantly faster than ...
faz.net/aktuell/wirtschaft/unternehmen/osterschokohasen-ist-die-schokoinflation-eine-gierflation-19615840.html
Expensive Easter chocolate bunnies: Is chocolate inflation a greed ...
Profile picture of Bloomberg
Zambian Inflation at 25-Month High as El Niño Fans Food Costs: Zambia’s annual inflation rate leapt to a more than two-year high as its worst drought on record ...
bloomberg.com/news/articles/2024-03-28/zambian-inflation-at-25-month-high-as-el-nino-fans-food-costs
Zambian Inflation at 25-Month High as El Niño Fans Food Costs
Profile picture of Exmouth Journal
DWP Pension increase next week 'not enough' experts warn: Pensioners will see their state pension increase by up to £900 from April 1
exmouthjournal.co.uk/news/24214207.dwp-pension-increase-next-week-not-enough-experts-warn/
DWP Pension increase next week 'not enough' experts warn
Profile picture of Times Colonist
Safeguards said to be in place to protect Victoria bridges: There have been minor collisions at the Johnson Street Bridge.
timescolonist.com/local-news/safeguards-said-to-be-in-place-to-protect-victoria-bridges-8515251
Safeguards said to be in place to protect Victoria bridges
Quick Glance: New Insights into Baltimore Bridge Collapse from Drone and Traffic Camera Footage
  • Authorities released footage of the Francis Scott Key Bridge crash site on Thursday.

  • New traffic camera recordings provided a different perspective on the moments leading up to the bridge's collapse on Tuesday.

  • An audio recording of emergency communications sheds light on the tense moments before the Baltimore bridge collapsed.

  • Officials announced the suspension of search and rescue operations following the Baltimore bridge collapse on Tuesday.
Profile picture of Insider (news website)
Stock market news today: US futures tread water ahead of PCE inflation: US stocks are set to open flat on the last day of the quarter, as investors held back ...
markets.businessinsider.com/news/stocks/stock-market-news-today-us-futures-inflation-last-day-quarter-2024-3
Stock market news today: US futures tread water ahead of PCE inflation
Profile picture of Reuters
Yen on intervention watch; Asia shares subdued: The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese ...
reuters.com/markets/global-markets-wrapup-1-2024-03-28/
Yen on intervention watch; Asia shares subdued
Profile picture of Orlando Sentinel
Egg and chocolate prices are hopping — just in time for Easter: Bad weather and disease are straining the supply of cocoa. Meanwhile, another outbreak of bird ...
bostonherald.com/2024/03/27/egg-and-chocolate-prices-are-hopping-just-in-time-for-easter/
Egg and chocolate prices are hopping — just in time for Easter
Profile picture of Reuters
BoE's Haskel says rate cuts should be 'a long way off', FT reports: Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be "a ...
reuters.com/markets/rates-bonds/boes-haskel-says-rate-cuts-are-long-way-off-ft-reports-2024-03-28/
BoE's Haskel says rate cuts should be 'a long way off', FT reports
Profile picture of CNBC
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
cnbc.com/2024/03/28/dont-sweat-the-prospect-of-no-fed-rate-cuts-economist-says.html
Don't sweat the prospect of no Fed rate cuts, economist says — markets ...
Profile picture of CNBC
CNBC Daily Open: Focus turns to key inflation data: Wall Street is set to get more insight on the underlying trends of inflation.
cnbc.com/2024/03/28/cnbc-daily-open-focus-turns-to-key-inflation-data.html
CNBC Daily Open: Focus turns to key inflation data
Profile picture of Bloomberg
Argentine Poverty Neared Pandemic Levels Before Milei Austerity: Poverty levels in Argentina rose slightly in the second half of 2023 as soaring inflation ...
bloomberg.com/news/articles/2024-03-27/argentine-poverty-neared-pandemic-levels-before-milei-austerity
Argentine Poverty Neared Pandemic Levels Before Milei Austerity
Profile picture of The Punch
Interest rate: Investors may dump equity market, say analysts: Analysts have stated that the decision of the Monetary Policy Committee to raise the benchmark ...
punchng.com/interest-rate-investors-may-dump-equity-market-say-analysts/
Interest rate: Investors may dump equity market, say analysts
Profile picture of Bloomberg
Stock Markets Today: Fed rates, US stocks, French unemployment, UK homes, BOJ: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-28/stock-markets-today-fed-rates-us-stocks-french-unemployment-uk-homes-boj
Stock Markets Today: Fed rates, US stocks, French unemployment, UK homes ...
Profile picture of RTE.ie
Price increases in store for consumers from Monday: Inflation in Ireland has fallen significantly in recent months, but a number of cost increases will weigh on ...
rte.ie/news/ireland/2024/0327/1440402-price-increases/
Price increases in store for consumers from Monday
Profile picture of Handelsblatt
Inflation: Fed director sees no reason to rush to cut rates: The central banker Christopher Waller sees the possibility of keeping interest rates at their ...
handelsblatt.com/finanzen/geldpolitik/inflation-fed-direktor-sieht-keinen-grund-zur-eile-fuer-zinssenkungen/100028459.html
Inflation: Fed director sees no reason to rush to cut rates
Profile picture of The Jakarta Post
Navigating challenges, strategies in Indonesia’s rice market - Academia - The Jakarta Post
thejakartapost.com/opinion/2024/03/28/navigating-challenges-strategies-in-indonesias-rice-market.html
Navigating challenges, strategies in Indonesia’s rice market - Academia - ...
Profile picture of Reuters
Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data: Federal Reserve Governor Christopher Waller said on Wednesday that recent ...
reuters.com/markets/us/feds-waller-still-sees-no-rush-cut-rates-amid-sticky-inflation-data-2024-03-27/
Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
Profile picture of Orlando Sentinel
Trader Joe’s upped the price of its bananas for the first time in decades. Here’s why
orlandosentinel.com/2024/03/27/trader-joes-upped-the-price-of-its-bananas-for-the-first-time-in-decades-heres-why/
Trader Joe’s upped the price of its bananas for the first time in decades ...
Profile picture of Stourbridge News
MP welcomes Stourbridge police base news in latest column: Wonderful news for Stourbridge last week when it was finally announced we are to have a new police ...
stourbridgenews.co.uk/news/24212888.mp-welcomes-stourbridge-police-base-news-latest-column/
MP welcomes Stourbridge police base news in latest column
Profile picture of The Sydney Morning Herald
Taylor Swift gave retail a boost, showing up the rest of the economy: Not even a blast of spending from Swifties in the nation’s two largest states was enough to ...
smh.com.au/politics/federal/taylor-swift-gave-retail-a-boost-showing-up-the-rest-of-the-economy-20240328-p5ffuz.html
Taylor Swift gave retail a boost, showing up the rest of the economy
Profile picture of Inc.com
Now's the Time for Budget Brands to Target Luxury Shoppers: Walmart and Dollar Tree are tapping higher-income customers to make ends meet ...
trib.al/6zBgCc9
Now's the Time for Budget Brands to Target Luxury Shoppers
Profile picture of Detroit Free Press
Ingham County is reliably Democratic, but enthusiasm for Biden is lagging: Concerns about inflation and other issues have hit home in Ingham County ...
freep.com/story/news/politics/elections/2024/03/28/ingham-county-democratic-voting-biden-election/73070547007/
Ingham County is reliably Democratic, but enthusiasm for Biden is lagging
Profile picture of The Oregonian
Secondhand clothing sales sizzle with inflation-fatigued consumers, report says: The U.S. secondhand apparel market reportedly grew seven times faster than the ...
oregonlive.com/business/2024/03/secondhand-clothing-sales-sizzle-with-inflation-fatigued-consumers-report-says.html
Secondhand clothing sales sizzle with inflation-fatigued consumers ...
Profile picture of Entrepreneur
Dollar Tree Is Raising Its Price Cap to $7: 'The Macro Environment Has Gotten in Our Way'
entrepreneur.com/business-news/dollar-tree-is-raising-its-price-cap-again/471763
Dollar Tree Is Raising Its Price Cap to $7: 'The Macro Environment ...
Quick Glance: Dollar Tree Increases Max Price to $7, Attracts Higher Income Shoppers
  • Dollar Tree plans to raise the price cap in its stores to $7 as announced in a quarterly report in March.

  • The demographics of Dollar Tree customers trend towards higher income brackets, with an increasing proportion of individuals earning over $125,000 per year.

  • The company intends to close approximately 600 locations under the Family Dollar brand this year, as well as an additional 400 locations over the coming years.

  • Dollar Tree opened 641 new stores in the previous fiscal year and currently operates 16,774 stores across 48 states and five Canadian provinces.
Profile picture of Burnley Express
Profile picture of Times Colonist
Parksville property owners get exemption from short-term rental rules: The B.C. government has clarified exemption requirements for strata hotels and motels.
timescolonist.com/local-news/parksville-property-owners-get-exemption-from-short-term-rental-rules-8520733
Parksville property owners get exemption from short-term rental rules
Profile picture of Bloomberg
Australia News Today: Export Gloom, Inflation, Wine Tariffs: Good morning everyone, it’s Ben here on a cool Canberra morning. Here’s what’s making news today ...
bloomberg.com/news/newsletters/2024-03-27/australia-news-today-export-gloom-inflation-wine-tariffs
Australia News Today: Export Gloom, Inflation, Wine Tariffs
Profile picture of WION
Yen hits 34-yr low ahead of key US inflation test : The dollar climbed on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen to a ...
wionews.com/world/yen-hits-34-yr-low-ahead-of-key-us-inflation-test-704707
Yen hits 34-yr low ahead of key US inflation test
Profile picture of Quartz
Supermarkets supersized their profits during the pandemic: Operating incomes at major grocery chains grew in 2021 — and are still climbing
qz.com/supermarket-prices-grocery-food-inflation-pandemic-1851369826
Supermarkets supersized their profits during the pandemic
Profile picture of The Rio Times
Thursday’s Morning Call: Market Eyes Central Bank Inflation Insights: Today's market closely follows the Central Bank's inflation report ...
riotimesonline.com/thursdays-morning-call-market-eyes-central-bank-inflation-insights/
Thursday’s Morning Call: Market Eyes Central Bank Inflation Insights
Profile picture of Daily Record (Scotland)
STV News bulletins axed from screens as staff walk out in pay row: STV News at Six and Scotland Tonight will be affected, as will the bulletins running ...
dailyrecord.co.uk/news/scottish-news/stv-news-bulletins-axed-screens-32456310
STV News bulletins axed from screens as staff walk out in pay row
Profile picture of The Asahi Shimbun
Dollar consolidates ahead of inflation data; yen holds off 152 mark | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15212674
Dollar consolidates ahead of inflation data; yen holds off 152 mark | The ...
Profile picture of The Punch
Bad roads driving food inflation, says LCFE boss: The Managing Director/Chief Executive Officer of Lagos Commodities and Futures Exchange, Mr Akin Akeredolu-Ale ...
punchng.com/bad-roads-driving-food-inflation-says-lcfe-boss/
Bad roads driving food inflation, says LCFE boss
Profile picture of Financialexpress
Japan’s mixed inflation picture complicates BOJ rate hike path: The services producer price index, which measures what companies charge each other for services ...
financialexpress.com/policy/economy-japans-mixed-inflation-picture-complicates-boj-rate-hike-path-3437030/
Japan’s mixed inflation picture complicates BOJ rate hike path