Dec 13, 2023 | Notes from the Desk
Notes From the Desk – FOMC Meeting – Release the Hounds As expected, the FOMC kept the policy rate unchanged at 5.25-5.5%. The far more interesting items were buried in their press release and conference. The dot-plot thickens. No...Dec 13, 2023 | Monthly Commentaries
“We make a living by what we get, but we make a life by what we give.” Winston Churchill In the spirit of the holiday season, we decided to forego the usual musings that we begin our commentaries with, to highlight a cause that is near and dear to us. Over the past...Dec 8, 2023 | Notes from the Desk
Notes From the Desk – US Payrolls – A Dent In The Narrative Over the last several weeks, we have seen bond yields plummeting lower on expectations that the Federal Reserve (Fed) would start cutting rates in early spring. Today’s employment data has...Dec 6, 2023 | Notes from the Desk
Notes From the Desk – Bank of Canada Rate Announcement – A Tentative Step Closer To no one’s surprise, the Bank of Canada held the policy rate steady at 5%, while continuing the process of reducing their balance sheet (Quantitative Tightening). Most...Nov 14, 2023 | Notes from the Desk
Notes from the Desk – US CPI – Encouraging News The US October CPI report saw both headline and core inflation softer than expected. By the numbers. YoY CPI 3.2% (3.3% expected) YoY Core inflation 4% (4.1% expected) Implications. The downside...
