Client Log-In

Newsroom

Economists Endorse September Fed Rate Cut As Inflation Falls To March 2021 Level: ‘The Policy Mistake Has Already Been Made’

July 8, 2024

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.

Click here to read more.

Recent Posts

March Market Insights: From Trump’s Demands to Canada’s Destiny

March Market Insights: From Trump’s Demands to Canada’s Destiny March 6, 2025 Charting a new

February Market Insights: From Extremes To Centre

In our fast-paced world, we often overlook the long arc of evolution. With a new administration set to take control in Washington, it’s timely to reflect on the evolution of the U.S. dollar.

Trudeau Out, 2025 In

Federal Government Defers Capital Gains Inclusion Rate Increase to 2026

The federal government will postpone the implementation of the proposed increase to the capital gains inclusion rate

Wealth Planning: TFSAs 101

Tax-Free Savings Accounts (TFSA) provide Canadians with a tax-advantaged account to augment their savings for both short and long-term needs.

The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document.  Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions.  Before acting on any of the above, please contact your financial advisor.

www.wellington-altus.ca

Get In Touch With Us

Please send us a message with any questions you may have.

Know Your Advisor: Advisor Report