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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is disconnected from the Fed's comitment to combat inflation, says Roger FergusonRoger Ferguson, vice chairman of the Business Council and trustee of the Conference Board and former Federal Reserve vice chairman, joins CNBC's 'Squawk Box' to discuss the Fed's upcoming interest rate decision and what it could mean for markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralia has a labor shortage crisis and has to keep the 'foot on the pedal,' says industry bodyJennifer Westacott of the Business Council of Australia says the country cannot wait for a budget in May to sort out some of the problems it faces.
OTTAWA, Oct 17 (Reuters) - Business sentiment has softened in Canada and most firms now think a recession is likely, a Bank of Canada survey showed on Monday, but inflation expectations remain high, leaving the central bank little choice but to continue raising rates. The bank's Business Outlook Survey showed 77% of firms see price growth staying above 3% for the next two years. A separate survey showed near-term consumer inflation expectations at record highs, though longer term expectations have eased, providing some relief. "Still-high expectations for inflation will keep the Bank of Canada in rate hike mode," said Andrew Grantham, senior economist at CIBC Capital Markets, in a note. That is cause for concern for the central bank as it seeks to avoid a wage-price spiral, analysts said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO confidence tumbles yet again as execs prepare for recession, survey findsRoger Ferguson, vice chairman of the Business Council and trustee of the Conference Board and former Federal Reserve vice chairman, joins CNBC's 'Squawk Box' to discuss the results from the Business Council and Conference Board's CEO confidence survey.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is now caught up with the Fed, says former Fed Vice Chair Roger FergusonRoger Ferguson, vice chairman of the Business Council and trustee of the Conference Board and former Federal Reserve vice chairman, joins CNBC's 'Squawk Box' to weigh in on the central bank's latest interest hike rate.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed needs to execute current strategy, says former Fed Vice Chair Roger FergusonRoger Ferguson, vice chairman of the Business Council, trustee of the Conference Board, and former Federal Reserve vice chairman, joins CNBC's 'Squawk Box' ahead of the Fed's forthcoming FOMC meeting to discuss inflation and more.
Sustainability leaders from Walmart, JUST Capital, Dow, Honeywell, Cognizant, Deloitte, Bank of America, AB InBev, and Carlyle participated. If you're just looking for a science partner, you're going to go and get the science. So then we started building debriefs for our portfolio companies, actually making them sit down and have a conversation with us. Because as long as you do it with integrity, you're going to probably get to the right place. I remember him saying when we talked about the idea, "what you're trying to achieve with that, is somewhere between really, really, really, really hard and impossible."
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