The Federal Reserve maintains its key interest rate between 5.25% and 5.5%, but hints at a possible rate cut in September. Economic indicators show expansion, though job gains have slowed and inflation remains elevated. The Fed is focused on achieving maximum employment and 2% inflation.
- A new study reveals that converting Airbnb's (NASDAQ:ABNB) won't significantly impact Canada's housing crisis, with less than 1% of housing stock affected.
- TC Energy (TSX:TRP) sells a 5.34% pipeline stake to 72 Indigenous communities for $1 billion, aiming to reduce debt and fund investments.
- Condo rents in Greater Toronto and Hamilton decrease by 1.2% for the first time in three years due to increased completions.
This content was originally posted on the Beavis Wealth YouTube Channel