latest news in economy
Canada Freezes Interest Rate at 2.25% Amid Dual Threats of Inflation and Economic Slowdown
Ottawa, Thursday, 11 June 2026.
On June 10, 2026, the Bank of Canada held rates at 2.25%, carefully balancing a fragile, near-recession economy against rising inflation fueled by Middle East conflicts and trade uncertainties.
American Dairy Farms Achieve Record Renewable Power Generation Through Waste Recycling
Washington, Thursday, 11 June 2026.
U.S. dairies are revolutionizing renewable energy, recycling over 60 billion liters of waste annually to power 680,000 homes while preventing nearly a million metric tons of methane emissions.
Top Dividend Growth Stocks to Outpace 2026's Persistent Inflation
New York, Thursday, 11 June 2026.
Facing persistent 2026 inflation, analysts urge investors to target elite ‘Dividend Kings.’ Prioritizing sustainable payout growth over risky high yields provides a reliable strategy for long-term wealth preservation.
US Markets Plunge as Three-Year High Inflation and Geopolitical Tensions Rattle Investors
New York, Thursday, 11 June 2026.
US equities suffered a massive sell-off on June 10, with the Dow shedding over 950 points. Investors retreated as inflation hit a three-year high amid escalating US-Iran conflicts.
Federal Reserve Governor Lisa Cook Examines AI's Impact on Inflation and the Financial System
Stanford, Wednesday, 10 June 2026.
Governor Cook warns that a massive AI infrastructure boom is driving short-term inflation, signaling potential interest rate hikes to stabilize the economy despite anticipated long-term productivity gains.
Federal Reserve Flags Rapid Growth of Non-Bank Lenders in Congressional Testimony
Washington, Wednesday, 10 June 2026.
Despite a resilient U.S. banking system, Federal Reserve Vice Chair Bowman’s June 2026 testimony revealed unregulated non-bank entities are rapidly displacing traditional institutions in the mortgage lending market.