May 5, 2023 | Notes from the Desk
Notes From the Desk: US & Canadian Employment – Not Cinco-ing (de Mayo) with Expectations Both the US and Canadian employment wage growth data were stronger than expected, as the inflation dragon is proving much harder to slay. The Canadian numbers....May 3, 2023 | Notes from the Desk
Notes from the Desk – The Powell Pause (kinda) As expected, the Federal Reserve (Fed) delivered a 25bps hike, establishing the range of the Fed funds rate at 5-5.25% The accompanying statement dropped language referring to ‘some additional policy firming...Apr 18, 2023 | Notes from the Desk
Notes From The Desk: CAD CPI – It’s All About The Base Inflation continued to decelerate in March, meeting consensus expectations. Annual CPI fell from 5.2% to 4.3% as lower energy prices more than offset higher mortgage costs and food...Apr 12, 2023 | Notes from the Desk
Notes From the Desk – Bank of Canada Decision – Patience Young Grasshopper As expected, the Bank of Canada (BoC) held rates steady at 4.5%. They also updated their economic forecasts: Inflation is expected to fall to 3% this summer and to 2%...Apr 12, 2023 | Notes from the Desk
Notes From the Desk – US CPI – Faint Progress US March inflation points to a slight moderation in price pressures. YoY headline CPI 5% vs 5.1% expected. YoY core CPI 5.6% vs 5.6% expected. Consumers are getting some relief on food and energy...Mar 23, 2023 | Notes from the Desk
Notes from The Desk – FOMC Meeting – The Dot Plot Thickens The Federal Reserve (Fed) raised the overnight rate by 25bps on Wednesday afternoon, bringing the range to 4.75-5%. The Fed also softened the language about future rate hikes indicating that they will...
