The Federal Reserve raised the target rate by 0.75% to the range of 2.25-2.5%. Chairman Powell confirmed that this is close to neutral. From the press conference: The FOMC is now data-dependant, so the magnitude and pace of future rate hikes is not pre-ordained Chairman Powell believes that modestly restrictive monetary policy is required so […]
‘Shock and awe’ is a military tactic where overwhelming force is employed to destroy an enemy’s will to fight. Today the Bank of Canada (BoC) deployed the central bank version by delivering a surprise 100bps rate hike. The last time the BoC moved by this amount was in 1998. With the public’s perception of medium-term […]
Cry Havoc and Let Slip the Dogs of War. Chairman Powell and Co delivered a strong message that the war on inflation was not one the Fed would lose as they delivered a 75-bps rate hike today and signalled that 75-bps was on the table for July. The Chairman also made it clear that rates […]
Toronto, Ontario–(Newsfile Corp. – 6 juin 2022) – Algonquin Capital se réjouit d’annoncer son adoption volontaire du code de diversité, d’équité et d’inclusion du CFA Institute pour les professionnels de l’investissement aux États-Unis et au Canada (« code DEI »). Lancé en février 2022, le code DEI outille les organisations du secteur de l’investissement d’un cadre de […]
Toronto, Ontario–(Newsfile Corp. – June 6, 2022) – Algonquin Capital, is excited to announce it has adopted the voluntary CFA Institute Diversity, Equity and Inclusion Code for Investment Professionals in the United States and Canada (“DEI Code”). Launched in February 2022, the DEI Code provides investment industry organizations with an action-oriented and principles-based framework through which to […]