U.S. debt interest payments have surged past the $1 trillion dollar mark, amid high interest rates and an ever-expanding debt burden.
— Read on www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/
Mortgage payment shock far from over, warn economists | Financial Post
Mortgage payment shock could stretch into 2027 and drag Canada’s economy into recession, says Oxford Economics. Find out more
— Read on financialpost.com/news/mortgage-payment-shock-far-from-over
OSFI limits banks’ mortgages to highly indebted borrowers | Financial Post
New mortgage rule imposed by Office of the Superintendent of Financial Institutions aims to reduce financial system vulnerability. Read more
— Read on financialpost.com/fp-finance/banking/osfi-limits-banks-mortgages-highly-indebted-borrowers
Fed’s Beige Book finds steady growth but little progress on inflation – MarketWatch
The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in…
— Read on www.marketwatch.com/story/feds-beige-book-finds-steady-economic-growth-but-little-progress-in-reducing-inflation-8cd1e19e
Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage – Bloomberg
This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed.
— Read on www.bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot
Fed’s Loretta Mester Expects Inflation to Fall Further – Bloomberg
Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.
— Read on www.bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut
Wall Street pushes out rate-cut expectations, sees risk of no action until 2025
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
— Read on www.cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html
Bank of England to cut rates in May, Morgan Stanley says
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
— Read on www.cnbc.com/2024/04/18/bank-of-england-to-cut-rates-in-may-morgan-stanley-says.html
Visualizing the Growth of $100, by Asset Class (1970-2023)
In this graphic, we show asset class returns across U.S. equities, bonds, real estate, gold and cash since 1970.
— Read on www.visualcapitalist.com/growth-of-100-by-asset-class-1970-2023/
The World’s Biggest Nuclear Energy Producers
China has grown its nuclear capacity over the last decade, now ranking second on the list of top nuclear energy producers.
— Read on www.visualcapitalist.com/the-worlds-biggest-nuclear-energy-producers/