EPISODE · Sep 8, 2022 · 8 MIN
Basis points ⬆️ — The Bank of Canada announced a 0.75% rate hike. New iPhones. And markets are going haywire.
from The Peak Daily · host The Peak / Curiouscast
As expected, the BoC delivered another oversized rate hike, bumping the overnight interest rates up to 3.25% from 2.50% (or 75 basis points, if you’re fancy like that).Apple held its latest product launch event, dubbed Far Out, yesterday, announcing a range of new goodies including the iPhone 14 and the Apple Watch Ultra.Freaked-out investors are pouring money into the US while pulling out of international stocks at a rate not seen since a 22-week run of outflows in 2019, per the WSJ.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
What this episode covers
As expected, the BoC delivered another oversized rate hike, bumping the overnight interest rates up to 3.25% from 2.50% (or 75 basis points, if you’re fancy like that). Apple held its latest product launch event, dubbed Far Out, yesterday, announcing a range of new goodies including the iPhone 14 and the Apple Watch Ultra. Freaked-out investors are pouring money into the US while pulling out of international stocks at a rate not seen since a 22-week run of outflows in 2019, per the WSJ. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
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Basis points ⬆️ — The Bank of Canada announced a 0.75% rate hike. New iPhones. And markets are going haywire.
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