Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Women's Satin Pajama Set Buy Now
OPOVE M3 Pro 2 Massage Gun Buy Now
AERLANG Foldable 10-in-1 Push Up Board Buy Now
Georgette Silk Saree Buy Now
Silk Satin Floral Shirt Buy Now
Phoenix Bracelet Buy Now
GoPro HERO13 Black: 5.3K Action Camera Buy Now
Vinsguir Ab Roller Buy Now
Linen Wide Leg Pants Buy Now
Ripped Slim Fit Denim Jeans Buy Now
Mens Fashion Henley Shirt Classic Buy Now
Women's Striped Summer Vest Top Buy Now
Regular Fit Straight Leg Jean Buy Now
Bowflex SelectTech 552 Dumbbells Buy Now
Haggar Cool 18 Classic Fit Pants Buy Now
Anne Klein AK/3702 Watch Buy Now
Runnatal Dish Drying Rack Buy Now
Gymreapers Weightlifting Wrist Wraps Buy Now
COOFANDY Mens Short Sleeve Shirts Buy Now
Mens Slim Chino Pant Buy Now
Women's Satin Pajama Set Buy Now
OPOVE M3 Pro 2 Massage Gun Buy Now
AERLANG Foldable 10-in-1 Push Up Board Buy Now
Georgette Silk Saree Buy Now
Silk Satin Floral Shirt Buy Now
Phoenix Bracelet Buy Now
GoPro HERO13 Black: 5.3K Action Camera Buy Now
Vinsguir Ab Roller Buy Now
Linen Wide Leg Pants Buy Now
Ripped Slim Fit Denim Jeans Buy Now
MoreBack to News Headlines
The Daily Chase: Fed could hike rates sooner than thought, Toronto home sales drop

The Daily Chase: Fed could hike rates sooner than thought, Toronto home sales drop

BNN Bloomberg
Thursday, January 6, 2022 12:55 PM GMT

We’re waiting to see if the tech rout extends into another day in the aftermath of yesterday’s reminder that the U.S. Federal Reserve is preparing for what could be a faster than expected tightening in monetary policy.

We’re waiting to see if the tech rout extends into another day in the aftermath of yesterday’s reminder that the U.S. Federal Reserve is preparing for what could be a faster than expected tightening in monetary policy. We learned in those minutes from the last Fed meeting that liftoff could happen “sooner or at a faster pace” than the central bankers previously anticipated. We also learned that some participants at the December meeting said the Fed’s balance sheet might have to be pared “relatively soon” after the initial rate hike. However, the minutes also noted views on balance-sheet management were “diffuse.” Investors responded by sending the Nasdaq Composite Index to its largest single-day drop since last February. Futures are pointing to a muted open and I’ve seen the 10-year U.S. Treasury yield as high as 1.742 per cent this morning.

GOOD LUCK FINDING A HOME IN TORONTO

Just like in Vancouver yesterday, today we're seeing a moderation in the country's other red-hot housing market. But it may be an involuntary moderation as tight inventory remains the story. The Toronto Regional Real Estate Board reported a nearly 16 per cent year-over-drop in December home sales. The sequential slide was even more extreme as sales fell by one-third compared to November. No surprise to see inventory dry up, with active listings plunging 59 per cent. Add it all up, and we're left with an average selling price sitting just shy of the record set in November. We’ll speak with the local real estate board’s chief market analyst shortly after 8am.

BULLISH ON BANKS

RBC Analyst Darko Mihelic is out with a report on the Canadian banks this morning, mapping out his view for why, even after the recent run-up, valuations of the big lenders are still attractive. Part of that thesis brings us back to the Fed, and the prospect of higher rates boosting the banks’ net interest margins.

OTHER NOTABLE STORIES

Read full story on BNN Bloomberg
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us