Solid Gains for Wall Street with Tech and Defensives

On Thursday, the main indexes on Wall Street recorded solid gains, thanks to strong performance from tech and defensive shares that outweighed drops in economically sensitive groups, as concerns about an economic recession persisted. Stocks Pick Steam During the trading session, the benchmark S&P 500 was swinging between negative and positive territory, but stocks began … Read more

BOJ Policymakers had Warned of Harm from Excess Yen Moves in April

Minutes of the policy meeting of the Bank of Japan in April showed that some of the board members had been concerned about the excessive volatility in the Japanese currency. They had been concerned that it would disrupt the plans of corporate businesses, which highlighted the challenges that policymakers had to face because of the … Read more

Stakes are High for Bank of Canada due to High Inflation Expectations

Recession

According to analysts, there are growing risks of inflation becoming entrenched in the Canadian economy. This is because the increase in gas prices and of other consumer items is rendering the efforts of the Bank of Canada useless in terms of keeping prices under control. Central Banks are Dreading Inflation It can become immensely difficult … Read more