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...Dec 15, 2022 | Notes from the Desk
Notes from the Desk – Federal Reserve – Reading the Tea Leaves What they did. As expected, the Federal Reserve (Fed) raised rates 50bps, bringing the band for the Funds rate to 4.25%-4.5% What they said. Surprisingly, the Fed did not put much...Dec 13, 2022 | Notes from the Desk
Notes from the Desk | US CPI – Heading in the Right Direction US CPI decelerated by more than forecast as the recent drop in energy prices offset higher food costs. YoY CPI – 7.1% vs 7.3% expected YoY core CPI – 6% vs 6.1% expected Implications: With...Dec 7, 2022 | Notes from the Desk
Notes from the Desk – The BoC Announcement: Reading The Tea Leaves The fact the BoC hiked 50 bps taking the overnight rate to 4.25% falls into the ‘who cares’ category. The more important part of today’s announcement was the language that accompanied...Dec 2, 2022 | Notes from the Desk
Notes from the Desk – North American Employment: Uncomfortably Robust Neither higher rates, nor widespread predictions of an imminent recession are curbing hiring. Canadian Employment: 10.1k gain which was in line with the consensus, however, the mix was...
