With inflation stubbornly high, hopes for lower borrowing costs are fading. After three consecutive months of higher-than-expected inflation, you might be wondering: when will interest rates drop? Despite many anticipating a quicker resolution, the Federal Reserve (Fed) has opted to maintain a steady interest rate of 5.5%, waiting for clear signs that inflation is indeed […]
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Weekly Update for the week ending December 8, 2023
If you are curious about the future of interest rates, keep a close eye on consumer spending this holiday season. If spending drops by more than 5% compared to last year, we could see rates start to decline sooner rather than later. That would be a welcome Christmas present for many! š Of course, if spending remains strong, rates could stay the same or even rise. ā¹
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Canadian Economic news, US Economic news, Setting money aside for a rainy day, Bard, meet Gemini, ā¦