The US Federal Reserve cut interest rates by 25 basis points for the first time in a decade. Anthony Okolie talks with James Orlando, Senior Economist, TD Bank Group.
Even with the U.S. enjoying robust growth, the Fed is widely expected to cut rates at its next meeting. Kim Parlee speaks with David Prince, founder of Harbinger Capital Markets Research about why traditional economic tools may not work on inflation.
The major US banks reported quarterly earnings that beat expectations, but the prospect of lower interest rates could pose a risk. Monica Yeung, Global Financials Analyst, TD Asset Management, talks about the latest results and the outlook for the sector.
The Bank of Canada left rates steady, but cites the risk of the ongoing US-China trade tensions to the global economy. Anthony Okolie talks with James Marple, Senior Economist, TD Bank Group.
The US Federal Reserve keeps interest rates unchanged, but opens the door to future rate cuts amid rising economic uncertainty. Anthony Okolie talks with James Orlando, Senior Economist, TD Bank Group.