Interest Rates Hold Firm, Except in Argentina

The US Federal Reserve met in Jackson Hole Wyoming last week. At that meeting Fed chairman Powell said that they were going to keep rates low as long as possible. They were looking beyond inflation for signs of excess, and so far they can't find any. The Bank of Canada also announced yesterday that they were keeping their rate fixed at 1.5% while they wait to see how the renewed North American Free Trade Agreement talks play out. The result of the negotiation could impact inflation and the balance of trade between the two nations.