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Weekly Update for the week ending December 8, 2023

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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! 😊 Of course, if spending remains strong, rates could stay the same or even rise. ☹

Items that may only interest or educate me ….

Canadian Economic news, US Economic news, Setting money aside for a rainy day, Bard, meet Gemini, …

Weekly Update for the week ending November 3, 2023

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Items that may only interest or educate me ….

Canadian Economic news, US Economic news, US Interest rate remains unchanged, Magnificent Seven update, ….

Following a turbulent October, North American stock markets regained their footing as November began, thanks to the US Federal Reserve (Fed)’s decision to leave the US benchmark interest rate unchanged. Although the Fed kept the possibility of future hikes open, widespread belief among analysts and investors suggests that the US interest rate might have reached its peak. If the Fed chooses to hold the rate steady at their year-end meeting in December, it will mark the third consecutive meeting without a change. Many experts view this as a potential indication of the end of the recent rate hikes. We shall see.

Weekly Update for the week ending October 13, 2023

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Items that may only interest or educate me ….

Canadian Economic news, US Economic news, A new investing resource, AI at work …

Apparently, mid October is when the stock markets historically start to rally until the end of the year. After 18 months of rate hikes by the Canadian and US central banks, both economies have avoided a recession. In Canada, the growth in the labour market easily surpassed expectations for the last three months. It is a similar story in the US, only a stronger labour market and more robust economy. Inflation that refuses to go away is the speed bump preventing the markets from rallying. But let’s not get ahead of ourselves. Here’s a quick look at items that caught my attention this past week.