Turning Dovish, BOC Discussed about Insurance Rate Cut for First Time In October
BOC turned dovish in the October meeting, while maintaining the policy rate unchanged at 1.75%. For the first time, the central bank discussed about “insurance” rate cut, citing trade war’s damage to business investment and exports. The announcement sent the...
Fed Signals to Pause after a Third Rate Cut
FOMC delivered a hawkish cut at the October meeting. The central bank lowered the Fed funds rate, by -25 bps, to 1.5-1.75%. Yet, the Fed removed the language that it will act to sustain expansion at the forward guidance. This...
Here’s what happened to the stock market on Wednesday
Dow Jones Industrial Average rises 115 points The Dow gained 115.27 points, or 0.43% to close at 27,186.83. The S&P 500 climbed 0.33% to 3,046.77. The Nasdaq Composite advanced 0.33% to 8,303.98. The Federal Reserve struck the right tone with...
Fed Cuts Rates, But Signals Insurance May be Starting to Pay Off
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
USD/CAD Outlook: Loonie Falls Sharply after Dovish BOC and Solid US Data. All Eyes Now on Fed
The USDCAD pair surged 0.5% to new two-week high, after The Bank of Canada kept its key interest rate unchanged at 1.75% but cut global and domestic growth forecast as the economy was hit by trade conflicts. The greenback received...
Dollar Mixed after Strong GDP, But Weak ADP Jobs
Dollar continues to trade mixed in early US session. Negative effect of ADP job data is more than offset by stronger than expected Q3 GDP growth. The greenback will now look into FOMC rate decision for guidance. The key is...
US GDP rose a better-than-expected 1.9% in the third quarter as consumers continued to spend
U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline. The Commerce Department said Wednesday that economic activity grew at...
US GDP rose a better-than-expected 1.9% in the third quarter as the consumer continued to spend
A line worker installs the back seats on the flex line at Nissan Motor Co’s automobile manufacturing plant in Smyrna, Tennessee, August 23, 2018. William DeShazer | Reuters U.S. gross domestic product — the broadest measure of the U.S. economy...
Private payrolls increase by 125,000 in October, topping expectations
Private payrolls grew at a faster-than-expected pace in October, but the solid growth was offset by a sharp downward revision for the previous month, according to a survey released Wednesday. Companies hired 125,000 employees in October, according to ADP and...
GBP/USD: As Brexit Pauses Focus Turns To FOMC And US Economy
After so much debate, back and forth, a few extensions and two Prime Ministers later, UK Parliament has decided to call a general election in order to break the Brexit deadlock. With Brexit paused for a few weeks, any sharp...
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