Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
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Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Apr 21, 2022
The Canadian Press
Canada Mortgage and Housing Corp. says it expects home sales and the pace of price growth for them will remain elevated this year, but ease from their highs of 2021.
The national housing agency says improving levels of employment and immigration are expected to be key factors, as the impact of pandemic restrictions continue to ease.
In its housing market outlook, CMHC says it expects home sales and price growth will fall more in line with historical averages by late 2023 or early 2024, however it says elevated prices will persist since price growth will remain positive.
It says home ownership affordability will decline with rising mortgage rates and with the growth in prices expected to outpace income growth.
CMHC also says housing starts will moderate from 2021 highs but remain above historical averages.
Mortgage rates are expected to rise as the Bank of Canada raises its key interest rate target in an effort to bring inflation under control. The central bank raised its policy interest rate by half a percentage point to 1.0 per cent last week and warned more rate hikes are coming.