Economists have endorsed a September interest rate cut by the U.S. Federal Reserve as inflation falls to its lowest level since March 2021. Dr. James Thorne, Chief Market Strategist at Wellington-Altus Private Wealth, criticized the Fed for its delayed action, arguing that the policy mistake has already been made. Thorne emphasized the need for rate cuts to achieve the long-term inflation target of 2.5% and questioned Fed officials for threatening further rate hikes. Concerns about consumer market strength were highlighted by disappointing reports from companies like Nike and Walgreens.
Canadian Election Special Market Insights: Carney’s Canada
April 30, 2025 THE ILLUSION OF A REVIVAL OR A PRELUDE TO RECKONING? “I, however,
