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Global markets: Fed not likely to hike rates in September

By Commodity News Service Canada

WINNIPEG, MB, September 13, 2016 (CNS Canada) – The following is a glance at the news moving markets globally.

US FEDERAL RESERVE LIKELY TO HOLD INTEREST RATES STEADY
US Federal Reserve officials say they would like to see stronger US economic trends before making significant changes to monetary policy, according to reports on Tuesday.

The Fed’s governor, Lael Brainard, said the central bank shouldn’t remove economic support before seeing increased US consumer spending and higher inflation.

UK CONSUMER INFLATION STEADY

The UK’s consumer inflation held steady in August, according to reports out of the region on Tuesday.

British consumer price inflation was unchanged at 0.6 per cent in August, analysts say.

CANADA’S WEST OUTPACES EAST IN LABOUR PRODUCTIVITY
Labour productivity in the Canadian business sector grew faster in Western Canada than in Eastern Canada from 2009 to 2014, Statistics Canada said in a report on Tuesday.

Labour productivity declined in both Newfoundland and Labrador, down 1.9 per year, and Prince Edward Island, down 0.8 per cent.

Both Ontario and Quebec recorded average growth of just under one per cent per year. In contrast, the four western provinces (Manitoba, Saskatchewan, Alberta and British Columbia) had growth rates of at least 1.9 per cent per year, with Alberta posting the highest growth rate, at 2.3 per cent per year.

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