Jan 11, 2023 | Monthly Commentaries
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” Evan Esar The passage of one year into the next is marked by some interesting customs and traditions. Americans watch the ball drop, Spaniards eat...Dec 21, 2022 | Notes from the Desk
Notes from the Desk – CAD CPI – Still High But Heading in the Right Direction. By the numbers. November CPI came in at 6.8%, lower than last month’s 6.9% print, but higher than the 6.7% forecast. Lower gasoline and furniture costs were offset by higher shelter...Dec 15, 2022 | Notes from the Desk
Notes from the Desk – Federal Reserve – Reading the Tea Leaves What they did. As expected, the Federal Reserve (Fed) raised rates 50bps, bringing the band for the Funds rate to 4.25%-4.5% What they said. Surprisingly, the Fed did not put much...Dec 13, 2022 | Notes from the Desk
Notes from the Desk | US CPI – Heading in the Right Direction US CPI decelerated by more than forecast as the recent drop in energy prices offset higher food costs. YoY CPI – 7.1% vs 7.3% expected YoY core CPI – 6% vs 6.1% expected Implications: With...Dec 7, 2022 | Notes from the Desk
Notes from the Desk – The BoC Announcement: Reading The Tea Leaves The fact the BoC hiked 50 bps taking the overnight rate to 4.25% falls into the ‘who cares’ category. The more important part of today’s announcement was the language that accompanied...
