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Bruce Cockburn: 50 years of music, spirituality and social justice | SaltWireNEW YORK - Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central bank should not create new pressures in the economy by increasing the cost of borrowing.
"We should not at this point be thinking about any increases" in the Fed's rate target, Harker told a bankers' group after a speech in which he had again reiterated his belief the Fed is done raising rates in an environment where inflation pressures are ebbing.
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Fed's Harker says high interest rates closing off housing for new buyersExplore stories from Atlantic Canada.
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Fed's Harker says high interest rates closing off housing for new buyersPhiladelphia Federal Reserve President Patrick Harker said on Monday the current level of interest rates has nearly killed off access to the housing market...
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Higher Rates Contribute to Rising Home Prices, Fed’s Harker SaysFederal Reserve Bank of Philadelphia President Patrick Harker said higher interest rates are making it more challenging for first-time home buyers by raising borrowing costs and limiting inventory, which is also leading to higher home prices.
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Fed Should Stop Rate Increases With US Small Businesses Struggling, Harker SaysThe Federal Reserve shouldn’t be thinking about additional interest-rate increases with so many US small businesses struggling to cope with its tightening to date, Philadelphia Fed President Patrick Harker said.
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Feds, Atlantic premiers meeting in Ottawa as Atlantic Loop project teetersOTTAWA — Energy Minister Jonathan Wilkinson is meeting in Ottawa today with the premiers of Nova Scotia and New Brunswick, seeking an agreement to help the two provinces get off coal power by the end of the decade.
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Feds, Atlantic premiers meeting in Ottawa as Atlantic Loop project teetersOTTAWA — Energy Minister Jonathan Wilkinson is meeting in Ottawa today with the premiers of Nova Scotia and New Brunswick, seeking an agreement to help the two provinces get off coal power by the end of the decade.
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