Notes From The Desk

Notes From The Desk: The Fed Announcement - Give & Take.   As expected, the Federal Reserve (Fed) left rates unchanged, but they did adjust their projections on the timing of cuts, pushing...

Notes From the Desk: North American Jobs Data - A Ball of Confusion Divergence remains the theme for the Canadian and US economies.  The labour market remains strong south of the border but...

Notes From the Desk: Bank of Canada Rate Announcement - Let's Enjoy The Moment   The Bank of Canada (BoC) became the first G7 central bank to cut rates this morning, lowering the overnight rate...

Notes From The Desk: CAD Inflation - The Trend is Your Friend (May-21-2024)   Canadian inflation declined for the fourth month in a row, with all measures now below 3%.   By the numbers:...

Notes From the Desk:  US Inflation - Holy Relief Trade Batman (May 15 2024)   After three months of surprises to the upside, April's US inflation data was in line (to a touch softer) with the...

Notes From the Desk: US Payrolls - Soothing Nerves   After a few months of strong data, today’s payroll numbers will offer central banks a touch of relief.   By the numbers:   The US...

Notes From the Desk - FOMC Meeting: Steady as She Goes   Today’s FOMC meeting was as expected.  The Federal Reserve (Fed) kept rates unchanged while announcing well-telegraphed changes to...

Notes From the Desk – Tracking Trends: CAD CPI on the Downward Path   Governor Macklem and Co. are going to be pleased with the March CPI data. By the numbers:   Headline CPI 2.9% (2.9%...

Notes From The Desk: Two For One Special – US Inflation & The BoC   US Inflation. US CPI came in hotter than expected for the third month in a row.   Headline inflation printed at 3.5%...

Notes From the Desk- North American Employment Data - Central Bank Conundrum   Today’s employment data does not make steering monetary policy any easier for the Federal Reserve (Fed) or Bank of...

Notes From The Desk - FOMC Meeting - Sticking To The Plan   Today’s FOMC meeting was more about what did not change.  Given the stronger-than-expected inflation data this year, the market...

Notes From the Desk:  Canadian Inflation – The Trend Is Your Friend February’s CPI data surprised to the downside, opening the door wider for the Bank of Canada (Boc) to cut rates later this year....