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​A view of the skyline and buildings at Shinjuku district during sunset in Tokyo, Japan June 20, 2021.
What We're Watching

Will Japan raise interest rates … to zero?

Japan’s central bank will debate a landmark interest rate rise next week that could bring interest rates to a staggering 0% after nearly a decade of negative rates.

Federal Reserve Chair Jerome Powell testifies to the Senate Banking Committee in Washington, DC.
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Central bankers forecast clouds, with a chance of rate cuts

Hopes for a break in the monetary policy clouds were frustrated this week as two North American central bankers said that interest rate cuts remain some way off.

Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario.
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Know when to hold ‘em

On Wednesday, the Bank of Canada held its key rate unchanged at 5%, noting that the global economy is slowing along with inflation -- just not enough to lower rates. Meanwhile, economists in the United States expect the Fed to hold rates at a two-decade high until summer, if not longer.

Shawn Fain, president of the United Auto Workers (UAW) speaks as President Joe Biden joins striking UAW members on the picket line in Belleville, Mich., in September.
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Could union wage hikes worsen inflation?

It may be cold out, but bankers up north are sweating thanks to a flurry of union settlements that could, according to a new report from Toronto-Dominion Bank, have “staying power.”