Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
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Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Aug 3, 2021
The Canadian Press
Calgary Real Estate Board says home sales slowed last month but still amounted to the best July on record.
The Alberta board says sales for the month totalled 2,319, up from 1,835 last July but down from 2,915 in June.
The number of new listings in the market reached 3,296 in July, up from 3,021 at the same time last year and down from 4,135 in June.
The average price of a home was $488,501, up from $466,266 last July and down from $494,111 in June.
CREB says an easing in sales growth and a slowdown in the pace of new listings has prevented monthly gains in inventory levels.
While supply remained higher than last July, CREB says apartment and row homes accounted for most of the available properties.