{"id":53850,"date":"2024-12-11T17:28:46","date_gmt":"2024-12-11T17:28:46","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/11\/economists-on-the-bank-of-canadas-interest-rate-cut\/"},"modified":"2024-12-11T17:28:46","modified_gmt":"2024-12-11T17:28:46","slug":"economists-on-the-bank-of-canadas-interest-rate-cut","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/11\/economists-on-the-bank-of-canadas-interest-rate-cut\/","title":{"rendered":"Economists on the Bank of Canada&#8217;s interest rate cut"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Economic landscape is shifting as signs emerge that inflation could be on the rise again<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Dec 11, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 1\u00a0hour ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">4 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"e916cb43-dc01-4496-8988-db614091bb7c\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/no1211macklem.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=zgE0sSRRsEpSSmuUatWAZA,&#10;            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https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/no1211macklem.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=oJtHZvTzzIgCuH803Vmncg 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/no1211macklem.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=1_JJx_yefuL4rmAwTI2Bcw,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/no1211macklem.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=bOQJ4RzdsnhpGeQX5ke-tw 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/no1211macklem.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=IFVijdgHob1tX6qxM1nj0g,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/no1211macklem.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=85BWBZnPVSmpmLrEuU6KgQ 2x\" type=\"image\/webp\"><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Bank of Canada governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa.<\/span> <span class=\"credit\">Photo by Sean Kilpatrick\/The Canadian Press files<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">The Bank of Canada cut its benchmark lending rate by 50 basis points on Wednesday to 3.25 per cent.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The second jumbo-sized cut in a row brings the central bank\u2019s rate to the top end of its neutral range \u2014 where borrowing costs neither stimulate nor impede growth \u2014 of 2.25 per cent to 3.25 per cent.<\/p>\n<p data-async=\"\">But the economic landscape is shifting under its feet as signs emerge that inflation could be on the rise again, and consumer spending and the housing market show signs of life on lower borrowing costs.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment8418907428286173101365804585189376\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" 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month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">Taking that into account and the uncertainties Donald Trump\u2018s upcoming second term pose for the Canadian economy, here\u2019s what economists think the Bank of Canada will do in 2025.<\/p>\n<h2>Cycle will end at 2.5 per cent: Capital Economics<\/h2>\n<p data-async=\"\">Canadians shouldn\u2019t expect more jumbo-sized interest rate cuts, Stephen Brown, deputy chief North America economist at Capital Economics Ltd., said in a note.<\/p>\n<p>The Bank of Canada in its official statement said it will be taking a different approach on rate cuts in the new year.<\/p>\n<p data-async=\"\">\u201cThe accompanying communications were more hawkish than might have been expected, with the (central) bank no longer indicating that further cuts are guaranteed,\u201d Brown said, highlighting the shift in the statement to \u201c<span class=\"post-content\">we will be evaluating the need for further reductions in the policy rate one decision at a time\u201d from \u201c<span data-olk-copy-source=\"MessageBody\">we expect to reduce the policy rate further\u201d in the Oct. 23 decision.<\/span><\/span><\/p>\n<p>He thinks policymakers will continue to cut rates, just not as much as previously forecast.<\/p>\n<p>Capital Economics expects three more cuts of 25 basis points in 2025, pointing to a higher terminal rate than in earlier projections.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot22 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories6732054080024626296515185772331008\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" alt=\"Top Stories\" loading=\"lazy\" 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If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment8761040880191006300757262623309824\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Brown thinks this rate-cutting cycle will end at 2.5 per cent rather than two per cent, given that the economy is showing some \u201cgreen shoots\u201d in consumer spending and the housing market, while some inflation pressures have re-emerged.<\/p>\n<h2>A pause looms: Desjardins Group<\/h2>\n<p data-async=\"\">\u201cCanadian central bankers chose to roll the dice with a second consecutive 50-basis-point rate cut,\u201d Royce Mendes, managing director and head of macro strategy at Desjardins Group, said in a note.<\/p>\n<p>He had been one of the outliers among economists calling for a 25-basis-point cut instead of the market-favoured 50 basis points.<\/p>\n<p>However, Mendes doesn\u2019t think the central bank\u2019s second jumbo cut is a sign that it is frontloading its rate-cutting campaign and that it will end at a higher level than expected.<\/p>\n<p>He expects another 25-basis-point cut when policymakers meet for the first time in the new year on Jan. 29, which would be the sixth sequential cut undertaken by officials since June 2024.<\/p>\n<p>After that, Canadians should expect a \u201cpause\u201d in the rate-cutting cycle.<\/p>\n<p>\u201cA pause would give officials time to assess how past rate cuts are feeding through after this aggressive pace of easing,\u201d Mendes said.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment1476005037506630160738318813233152\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Desjardins is sticking with its forecast for rates to ultimately fall to two per cent by early 2026 on the expectation that Canadian exports to the United States will be hit with tariffs.<\/p>\n<p>But the cycle of rate cut after rate cut appears to be over in Mendes\u2019 opinion.<\/p>\n<p>\u201cWe do expect a number of pauses along the way,\u201d he said.<\/p>\n<h2>More cuts needed: David Rosenberg<\/h2>\n<p data-async=\"\">\u201cThe Bank of Canada 100 per cent did the right thing today by cutting its policy rate <span data-olk-copy-source=\"MessageBody\">50 basis points once again<\/span>,\u201d David Rosenberg, founder of Rosenberg Research &amp; Associates Inc., said in a note.<\/p>\n<p>He thinks the central bank will and needs to keep cutting and disputes any assessment of its statement on future rate moves as \u201chawkish.\u201d<\/p>\n<p>Policymakers replaced a line guaranteeing further rate reductions from its statement and said they will be taking each rate meeting \u201cone decision at a time,\u201d making it tough for markets to place bets on where rates are headed.<\/p>\n<p data-async=\"\">\u201cBut what is more important is the final destination, not the path itself,\u201d Rosenberg said. \u201cGovernor (Tiff) Macklem snuck into (his) press conference a remark that, \u2018We anticipate a more gradual approach to monetary policy if the economy evolves broadly as expected<i>.<\/i>\u2018\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment700371310159677516045289374351360\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Ultimately, Rosenberg said the message that rates are headed downward still stands.<\/p>\n<section aria-labelledby=\"moreTopicLabel2194789872750832913904933139382272\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" of=\"\" canada=\"\" cuts=\"\" its=\"\" policy=\"\" rate=\"\" by=\"\" another=\"\" half=\"\" point=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Pedestrians walk past the Bank of Canada in Ottawa on July 12, 2023.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/1212-bc-boc.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=_H67hYUa5OA9fMmSrZSiOA\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/1212-bc-boc.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=EVESHSws2ZSBoFTrPzw6ug\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/1212-bc-boc.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=_H67hYUa5OA9fMmSrZSiOA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/1212-bc-boc.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=Gp10mqIQTVDtI-1fvJsDLQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/1212-bc-boc.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=7535t_wm7Qc32cepPSG5eA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Bank of Canada cuts its policy rate by another half point<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" driving=\"\" bank=\"\" of=\"\" canada=\"\" rate=\"\" cuts=\"\" today=\"\" and=\"\" next=\"\" year=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Bank of Canada governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, Oct. 23, 2024.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/dpi305-the-canadian-press.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=7mx-QOBPmnvcrO4lTr3wOA\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/dpi305-the-canadian-press.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=iawKwULN_B2jxjahZYc0fg\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/dpi305-the-canadian-press.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=7mx-QOBPmnvcrO4lTr3wOA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/dpi305-the-canadian-press.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=R6uRcXit9ZLdfrtZmzs7bQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/dpi305-the-canadian-press.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=kCdaQBrD5qKdaIutBXwUgg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">What&#8217;s driving Bank of Canada rate cuts today and next year<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>He said the Bank of Canada issued a \u201ccrucial message\u201d by saying the economy is still in \u201cexcess supply,\u201d meaning demand is coming up short of output.<\/p>\n<p>He thinks the Bank of Canada rate will come to rest at two per cent, possibly lower.<\/p>\n<p data-async=\"\"><em>\u2022 Email: gmvsuhanic@postmedia.com <\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Economists on the Bank of Canada&#8217;s interest rate cut<\/a><br \/>\n<br \/>2024-12-11 17:28:46<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Economic landscape is shifting as signs emerge that inflation could be on the rise again Published Dec 11, 2024 \u00a0\u2022\u00a0 Last updated 1\u00a0hour ago \u00a0\u2022\u00a0&#8230;<\/p>\n","protected":false},"author":2,"featured_media":53851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-53850","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=53850"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/53851"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=53850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=53850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=53850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}