Jan 5, 2024 | Notes from the Desk
Notes From the Desk – North American Employment Data The shine is coming off the bond market as employment remains more resilient than expected. By the Numbers. US 216k jobs created vs 176k expected. -71k net revision to previous two months. Unemployment...Dec 13, 2023 | Notes from the Desk
Notes From the Desk – FOMC Meeting – Release the Hounds As expected, the FOMC kept the policy rate unchanged at 5.25-5.5%. The far more interesting items were buried in their press release and conference. The dot-plot thickens. No...Dec 8, 2023 | Notes from the Desk
Notes From the Desk – US Payrolls – A Dent In The Narrative Over the last several weeks, we have seen bond yields plummeting lower on expectations that the Federal Reserve (Fed) would start cutting rates in early spring. Today’s employment data has...Dec 6, 2023 | Notes from the Desk
Notes From the Desk – Bank of Canada Rate Announcement – A Tentative Step Closer To no one’s surprise, the Bank of Canada held the policy rate steady at 5%, while continuing the process of reducing their balance sheet (Quantitative Tightening). Most...Nov 14, 2023 | Notes from the Desk
Notes from the Desk – US CPI – Encouraging News The US October CPI report saw both headline and core inflation softer than expected. By the numbers. YoY CPI 3.2% (3.3% expected) YoY Core inflation 4% (4.1% expected) Implications. The downside...
