Last week, both the Bank of Canada and the U.S. Federal Reserve cut their benchmark interest rates by a quarter percentage point. Though we’re two separate countries, both central banks are contending with challenges that monetary policy alone cannot fix. In Canada, Bank of Canada Governor Tiff Macklem emphasized that the 25-basis-point cut, which brings […]
September has historically been a weak month for stocks, and this year’s sentiment will hinge on Jay Powell’s speech tomorrow at Jackson Hole Students aren’t the only ones uneasy about September—stocks often dread it too. Historically, it’s the worst month for the market. Since 1930, the S&P 500 has fallen about 55% of the time […]
As markets watch for interest rate cuts, political pressure on the Fed’s independence could shape inflation and U.S. dollar credibility in the years ahead. By Jeff Pollock Though lower interest rates are generally good news for stocks, what will happen if it comes at the expense of U.S. central bank independence? The Federal Reserve was […]
