Economy

Powell expects more rate hikes in upbeat outlook on economy

Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy and expects to keep raising interest rates gradually. He said solid job gains and strong economic growth has enabled the Fed to dial back the “extra boost” it implemented during the financial crisis and recession. In his semi-annual testimony to Congress Tuesday, […]

July 17, 2018

3 min read

U.S. retail sales in June point to consumer optimism

U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism and potential strong GDP growth. The Commerce Department said Monday that sales at retailers and restaurants increased 0.5% in June, following a big 1.3% gain the previous month. May’s figure was revised […]

By Staff, with files from The Associated Press |July 16, 2018

3 min read

Exporters more confident, despite impact of NAFTA talks: EDC

Here's a breakdown of why

By Staff, with files from The Canadian Press |July 13, 2018

2 min read

What to expect from the Fed in 2019

Semi-annual report to Congress also offers economic analysis

By Staff, with files from The Associated Press |July 13, 2018

5 min read