Mar 14, 2023 | Notes from the Desk
Notes from the Desk – US Inflation Chairman Powell is certainly earning his $190k salary, dealing with a battle on two fronts. Just a few days ago, the market was 100% certain that the Federal Reserve (Fed) was hiking next week with the debate being whether it...Mar 8, 2023 | Notes from the Desk
Notes from the Desk: Bank of Canada Meeting – Steady As She Goes As expected, the Bank of Canada (BoC) remained on pause and kept the overnight rate at 4.50%. Noteworthy: The BoC sees signs that higher rates are slowing growth. While CPI is still too high,...Feb 3, 2023 | Notes from the Desk
Notes from the Desk – US Payrolls – Holy Crap! By the numbers. Today’s US payrolls blew the doors off. The economy produced 517k jobs last month, more than double the 185k forecast. The unemployment rate fell to 3.4% vs. forecasts of a small rise to 3.6%....Jan 30, 2023 | Notes from the Desk
Notes from the Desk – Bank of Canada: This is the End. To quote the Doors, ‘this is the end, beautiful friend…the end.’ At least for now. After delivering a 25 bps hike and bringing the overnight rate to 4.5%, the Bank of Canada (BoC) expects to hold here as it...Jan 12, 2023 | Notes from the Desk
Notes from the Desk: US Inflation – A Sigh of Relief US CPI was bang on the consensus forecast: YoY Headline Inflation: 6.5% (previous 7.1%) YoY Core Inflation: 5.7% (previous 6%) Goods prices continue to fall while upward pressure is prevalent in the service...Dec 21, 2022 | Notes from the Desk
Notes from the Desk – CAD CPI – Still High But Heading in the Right Direction. By the numbers. November CPI came in at 6.8%, lower than last month’s 6.9% print, but higher than the 6.7% forecast. Lower gasoline and furniture costs were offset by higher shelter...
