Oct 4, 2024 | Notes from the Desk
The unambiguously strong September US jobs report dented the summer narrative of weakness in the labour market. The numbers: 254k jobs created (140k expected). Unemployment rate falls to 4.1% (4.2% expected). YoY wage growth of 4% (3.9% expected)....Sep 19, 2024 | Notes from the Desk
The FOMC kicked off the easing cycle with a 50 bps reduction in the ‘Fed Funds’ rate. Although several cuts are clearly coming, the FOMC did not express a sense of urgency. The interesting bits: With one dissenter and 9 out of 19 members seeing a total...Sep 6, 2024 | Notes from the Desk
Today’s payroll data confirms that job growth is slowing, opening the door for further central bank accommodation. The numbers: US 142k jobs created (165k expected). Unemployment rate: 4.2% (4.3% expected). YoY wage growth: 3.8% (3.7% expected)....Sep 5, 2024 | Notes from the Desk
Today’s announcement provided little excitement, as the BoC did the expected and lowered the overnight rate by 25 bps to 4.25% The interesting bits: The Bank pointed out that broad inflationary pressures continue to ease, although shelter and some...Jul 13, 2022 | Monthly Commentaries
“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” Warren Buffett Coupons, discounts, sales, clearances, markdowns, etc. represent an old and powerful set of weapons in the marketer’s arsenal. Their ubiquitous use...
