With the potential for the Federal Reserve to initiate interest rates in September, what does this mean for consumers? Fed officials are currently convening ...
, what does this mean for consumers? Fed officials are currently convening for their July FOMC meeting with Chair Jerome Powell set to announce the central bank's monetary policy decision later this afternoon.
Peterson believes a potential rate cut is"mixed news," claiming that"on the one hand, most people are working and consumers are continuing to say that that's a good thing. But they are very concerned about price levels. And that's certainly something the Fed has been working on in terms of bringing inflation down. But it doesn't mean that the price levels are going to go down."The central bank is largely expected to hold rates steady today.
So I think the Fed is going to be looking at that as well as the fact that consumers have been pulling back on certain types of spending and also trading down.Lawsuit alleges Stubhub deceives customers into paying extra for tickets. The suit says that extra fees are tacked on at checkout, including so-called junk fees.
Dana Peterson Jerome Powell Conference Board Interest Rates
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.
Rob Shaw: BC NDP attempt to dodge blame after Surrey woman's deathEby points finger at feds, but can't escape accountability
Read more »
Canada warns Russian AI-powered bot farm spreading misinformationFeds say fake social-media users created to spread disinformation aligned with Russian goals abroad
Read more »
Rob Shaw: Eby’s frustrations flourish as federal outreach proves fruitlessB.C. premier unleashes on feds over silent treatment
Read more »
First Nations, industry say feds’ B.C. salmon farming transition timeline ‘irresponsible, unrealisti ...The Hill Times
Read more »
Feds pay First Nation in B.C. $147M over loss of water rightsKukpi7 Fred Robbins and Esk'etemc community members at Vert Lake.
Read more »
Doug Ford and Unifor call on feds to provide cash for new Line 2 subway trainsPremier Doug Ford and Canada's largest private sector union issued a joint statement Wednesday calling on the federal government to kick in the cash needed to replace the TTC's aging Line 2 subway trains.
Read more »