Boston Fed President Susan Collins threw her support behind the Federal Reserve's recent interest rate decision. During a speech in Boston, Collins noted she 'fully supports' the central bank's recent decision to keep rates unchanged and that she expects rates to stay 'higher and for longer' until major improvements in inflation are made. Yahoo Finance Federal Reserve Reporter Jennifer Schonberger joins to report what she has heard about the developing stories.
OTTAWA — The Bank of Canada was watching its words at its last interest rate announcement, in fear of spurring speculation that rate cuts are coming any time soon. That's according to the central bank's summary of deliberations released Wednesday detailing what the governing council discussed in the lead-up to its last rate decision. The Bank of Canada held its key interest rate steady at five per cent earlier this month amid signs of the economy weakening.
" also considerChina's craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants on an almost daily basis, but investors are warning a shake out is imminent as cost and profit pressures grow.
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