Federal Reserve’s economic outlook and balance-sheet plan in the spotlight GlobeBusiness
In this Feb. 26, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy.The U.S. Federal Reserve on Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet.
It would take a downward move by seven policy-makers to bring the median expected number of hikes to zero for the year, a full half-percentage-point change that has happened only once since the Fed began making its “dot plot” of projections public in 2012. Minutes of the Fed’s policy meeting in late January showed officials wanted “to announce before too long a plan to stop reducing ... asset holdings later this year,” a statement many have construed to mean an endgame for the balance sheet would be revealed this week.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How serially bad private-sector economic forecasts could hurt Bill Morneau’s federal budget plansEvery percentage-point miss means billions of dollars in tax revenue that Ottawa won’t have in order to pay for its promises.
Read more »
Federal budget expected to have more wiggle room, even with weaker outlookThe improved economy is expected to give the Trudeau government more fiscal room than anticipated in next week's pre-election budget -- but a wobbly economic finish to 2018 means conditions could look much different as the October vote approaches.
Read more »
Federal budget expected to have more wiggle room, even with weaker outlookThe improved economy is expected to give the Trudeau government more fiscal room than anticipated in next week's pre-election budget -- but a wobbly economic finish to 2018 means conditions could look much different as the October vote approaches.
Read more »
Federal Reserve likely to disappoint policy doves: strategistExpectations for interest-rate levels between policymakers and markets are extraordinarily wide.
Read more »
Report raises fresh doubts over economic benefits of Trudeau’s $188 billion infrastructure planThe new Parliamentary Budget Officer report comes as the Canadian economy is again showing signs of weakness
Read more »
Facebook reveals plans to crack down on political ads ahead of the federal electionIn its moves to comply with Bill C-76, the social-media giant will require anyone running political ads ahead of October vote to verify they are Canadian and provide information about who is paying for the ad
Read more »
Canadian media industry anxious for news in budget on federal plan to support journalismLast fall, the federal governmnet announced new tax credits and incentives, worth $595 million over the next five years, to support the struggling news industry
Read more »
Federal budget offers first steps towards national prescription drug planOne billion has been pledged to cover high costs of rare drugs
Read more »
Lions sign Rams RB Brown to offer sheet - TSN.caLos Angeles Rams running back Malcolm Brown has signed an offer sheet from the Detroit Lions.
Read more »