Notes From The Desk: CAD Inflation – The Trend is Your Friend (May-21-2024)

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:   Headline CPI fell from 2.9% last month to 2.7% (2.7% expected). CPI Trim fell from 3.2% to 2.9% (2.9% expected). […]

Notes From the Desk:  US Inflation – Holy Relief Trade Batman (May 15 2024)

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 consensus expectations.   By the numbers: MoM Headline CPI 0.3% (0.4% expected). MoM Core CPI 0.3% (0.4% expected). YoY […]

Notes From the Desk: US Payrolls – Soothing Nerves May 03 2024

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 added 175k jobs versus expectations of 240k. Unemployment rose one notch to 3.9% versus a consensus of 3.8%. Wage growth […]