
US Credit Crunch Raises Risk of Fed Slamming Brakes Too Hard
A banking crisis in a matter of days has emerged as a powerful new constraint on a red-hot economy that the Federal Reserve has struggled for more than a year to cool.
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A banking crisis in a matter of days has emerged as a powerful new constraint on a red-hot economy that the Federal Reserve has struggled for more than a year to cool.
China Huarong Asset Management Co. expects to post a net loss of about 27.6 billion yuan ($4 billion) for 2022.
Bond investors battered by the wildest swings in decades are hunkering down for their next big test: navigating the Federal Reserve’s response to the mounting financial instability that threatens to derail its fight against inflation.
If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn.
It’s getting harder for the riskiest corporate borrowers to raise cash.
Dec 1, 2021
BNN Bloomberg
,The flurry of buying activity in Calgary’s housing market continued in November.
The latest data from the Calgary Real Estate Board (CREB) show sales in the month hit 2,110 – a 46.8 per cent jump compared to last year, and nearly breaking the November record set in 2005. Sequentially, it was a slight deceleration from October, when a record for the month was set at 2,186 homes traded hands.
All property segments posted double-digit sales increases last month.
“Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,” said Ann-Marie Lurie, CREB’s chief economist, in a press release Wednesday.
New listings in November struggled to keep pace, rising only 15.2 per cent.
CREB noted that it’s typical to see a slowdown in new listings and inventory levels during the colder months, but home sales have hovered around the same level since August.
Strong demand and limited supply pushed the benchmark price of a property up to $461,000 in November, or nearly nine per cent higher compared to a year earlier.