The morning the COVID-19 pandemic was announced, the S&P 500 fell 7% in 4 minutes after the markets opened, triggering a trading curb that halted trading for 15 minutes for the first time since the 2008 financial crisis (1). The markets continued to drop and become Continue reading…
“On September 21, 2022, the Federal Open Market Committee (FOMC) announced that it will raise the key interest rate from 3% to 3.25% and that the rate hikes will continue (1).”
In August 2022 inflation rose to 7% which is 5 percentage points above the target inflation rate that the Bank of Canada wants (2). The Bank of Canada has decided that the best way to fight inflation is to steadily increase the interest rates until inflation decreases to its target of 2%. Continue reading…