The Federal Reserve could raise interest rates five times this year, says San Francisco Fed President John Williams. Despite weak economic conditions, the central bank may move forward with three to five rate hike says, according to the Fed bank president. Speaking in an interview with CNBC, Williams explained that the U.S. economy is doing […]
Archives for January 2016
Canada’s government debt to exceed $1.3 trillion in 2016: report
When it comes to debt in Canada, most of the financial analysts and pundits look to the consumer. It’s true that the average consumer is heavily indebted – the average consumer debt is around $30,000 – but the most pressing concern may be the debt held by the general public. The Fraser Institute released a […]
JPMorgan warns three-in-four chance of recession in next three years
There’s more talk of a recession. JPMorgan now becomes the latest entity to warn investors about a possible recession hitting the United States within the next three years, according to a report from the Business Insider. The financial institution’s strategists write in a note to investors that 2016 will likely see “pockets of stress.” Therefore, […]
Brazil economy could face deepest recession since 1901
Is Brazil’s economy headed for the worst recession in more than a century? That’s what the economic forecasters are saying right now. Latin America’s largest economy, which has experienced such tremendous turnaround after decades of deep poverty, is projected to contract 2.95 percent, up from a previous estimate of 2.81 percent but down from 3.71 […]
Global financial markets plummeting as China halts stock trading after 7% collapse
The Dow Jones is down nearly 400 points. The German DAX has tumbled close to 500 points. The Toronto Stock Exchange has fallen just under 300 points. London’s FTSE has crumbled 400 points. All of this has been created due to China’s stock markets crashing seven percent, which caused a suspension in trading, and very […]