Jun 15, 2023 | Notes from the Desk
Notes From The Desk: FOMC Meeting – A Hawkish Pause The FOMC chose to exercise patience today by holding rates steady but raised the terminal rate’s median projection to 5.6%, indicating the need for 50bps of hikes in the coming months. Connecting...Jun 13, 2023 | Notes from the Desk
Notes From the Desk – US Inflation – Is It Slow Enough? The last data point before tomorrow’s Federal Reserve (Fed) dropped this morning. The numbers. YoY headline CPI 4% (Consensus estimate 4.1%) YoY core CPI 5.3% (Consensus estimate 5.2%) ...Jun 9, 2023 | Notes from the Desk
Notes from the Desk – CAD Employment Data – Is Bad News Good News? Today’s headlines will focus on the loss of 17k jobs, but the ‘devil is in the details.’ The headline numbers. Employment fell 17.3k vs. expectation of rising 21k. Unemployment rate...Jun 7, 2023 | Notes from the Desk
Notes from the Desk: The Bank of Canada Rate Announcement- Surprised But Not Surprised Today’s announcement. The Bank of Canada (BoC) raised the overnight rate by 25 bps to 4.75% this morning. The move was not a total surprise, as bond traders had the...Jun 2, 2023 | Notes from the Desk
Notes from the Desk – US Jobs Data – Will the Fed Pause the Pause? Today’s US employment data offered a little bit for everyone. Payrolls crushed expectations, but unemployment ticked higher and wage growth decelerated. By the Numbers. 339k jobs...May 16, 2023 | Notes from the Desk
Notes from the Desk – CAD CPI – It’s Still Hot in Here The Canadian inflation data for April surprised to the upside this morning. YoY CPI 4.4% vs 4.1% expected. YoY core-CPI measures came in at 4.2% meeting forecasts. The increase in...
