Inflation Financial News

Traders have been sitting on their hands lately with the Bitcoin (BTC) price being stuck between $29,000 and $30,000. This rangebound price action can’t continue forever, though.

Bank of England chief economist Huw Pill | Credit: Bank of England

Despite the poor weather, IGD’s Shopper Confidence Index increased for the fourth month running, reaching its highest level since December 2021.

Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months.

Huw Pill (pictured) is chief economist at the Bank of England Credit: Bank of England

Bitcoin (BTC) starts the second week of August with barely a sound as rangebound BTC price behavior continues.

Better Way Alliance is a group of Canadian businesses advocating for better employer standards and, more recently, for regulations around commercial rent increases.Whereas many residential rental units have limits on how much landlords can increase rent each year, commercial spaces do not.The Better Ways Alliance says the lack of regulations leads to many small businesses facing significant increases when renewing their lease.“The survey that we put out last year indicated that almost 75 per cent of businesses have gone through a 10-per cent or greater rent increase at one time. If you think of that from a residential perspective, you’ve got protections generally against that kind of increase, but this is just an increase that businesses are expected to make,” says Aaron Binder, director at the Better Way Alliance.“These rent increases and disputes with landlords are not a pandemic thing.

The Bank of England

Company profits are not to blame for the high inflation Canadians experienced in the past two years, a Bank of Canada report suggests.

Food price inflation also slowed to its lowest level this year, with falling prices across key staples such as oils, fats, fish, and breakfast cereals.

Mark Greenwood (pictured) is deputy CIO at Atlantic House Investments

Whilea new tentative deal may have been reached between the two sides involved in a labour dispute impacting thousands of B.C. port workers, experts say Canada may not have seen the last of strikes this year.

Inflation came down a lot faster than most investors and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date.

Canada’s economy kept growing in May, but early signs of a long-awaited slowdown started to appear in June, according to Statistics Canada.

'In order to encourage the formation of a yield curve, the bank will continue with large-scale Japanese government bond purchases.'

Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed, we now have the U.S. Federal Reserve discounting a recession from its current modeling, as Fed Chair Jerome Powell emphasized at the Fed’s July press conference. 

Eurozone inflation sat at 5.5% in June, down from 6.1% the month before but still substantially above the ECB’s target of 2%.

Andy Haldane (pictured), former chief economist at the Bank of England, is seen as being one of the most dovish members of the council. Image: Bank of England

Federal Reserve chair Jerome Powell hinted at further rises, adding that there was a “long way to go” before inflation might be completely vanquished.

The Bank of Canada’s policymakers said they are still prepared to raise their benchmark interest rate further even as they hiked rates to their highest level in 22 years earlier this month.

Bitcoin (BTC) shifted toward $30,000 on July 26 as the United States Federal Reserve delivered a fresh interest rate hike.