Oct 6, 2023 | Notes from the Desk
Notes From the Desk – North American Employment Data – No Shortage of Help Wanted By the numbers. CAD 64,000 jobs were created (20,000 expected) The increase in jobs was primarily driven by a 66,000 gain in the education sector, which can be...Sep 20, 2023 | Notes from the Desk
Notes From the Desk: FOMC Decision – Higher for Longer. As expected the FOMC held rates steady, while leaving the door open for one more hike this year. The noteworthy. The significant changes are to be found in the infamous ‘dot-plot’ which...Sep 19, 2023 | Notes from the Desk
Notes From the Desk: CAD CPI – Stagflation Alert Rising unemployment and slower economic growth seem to have had little downward impact on prices. The rise in headline inflation was fueled by higher gasoline prices, rents, and mortgage costs. YoY...Sep 13, 2023 | Notes from the Desk
Notes from the Desk – US Inflation – The Last Mile is a Tough Slog. US August CPI came in a touch warmer than expected largely due to higher gas prices. By the numbers. YoY CPI 3.7% (3.6% expected) YoY core inflation 4.3% (4.3% expected)...Sep 13, 2023 | Monthly Commentaries
“How long is a piece of string?” Earlier this year, in a commentary littered with bad ‘star’ puns, we wrote about the concept of r*, or the neutral rate. This is the level for the overnight rate which neither stimulates nor restricts the economy and leads to stable...
