Aug 25, 2023 | Notes from the Desk
Notes From The Desk – Jackson Hole Fed Chair Jerome Powell mostly stayed on message but opined on recent data points. Notable Notes Fed remains concerned about inflation reaccelerating, noting uncertainty around the durability of the recent low inflation...Aug 15, 2023 | Notes from the Desk
Notes From the Desk – CAD CPI – An Unwelcome Surprise The record-breaking heat in July (highest average global temperature ever recorded) spilled over into Canadian inflation, with CPI coming in hotter than expected. By the numbers. YoY...Aug 4, 2023 | Notes from the Desk
Notes from the Desk: Today’s Employment Data – Searching for a One-Handed Economist Anyone hoping today’s job numbers would offer clarity on rate hikes would require Harry Truman’s imaginary one-handed economist. On the one hand, job...Aug 2, 2023 | Notes from the Desk
Notes from the Desk: US Treasuries – The Trifecta of Pain The last few days have not been kind to holders of US treasuries, with yields rising and the curve steepening. One. The first surprise was the Bank of Japan (BoJ) making an unexpected change to...Jul 26, 2023 | Notes from the Desk
Notes From the Desk: FOMC Meeting – A Tweak Away As widely expected, the Federal Reserve (Fed) hiked 25bps, bringing the fed funds into a range of 5.25-5.5%. The press release was almost a carbon copy of the one issued at the last meeting, suggesting...Jul 12, 2023 | Notes from the Desk
Notes From the Desk: Two for One Special – Bank of Canada and US CPI Bank of Canada Rate Announcement. The Bank of Canada (BoC) raised the overnight by 25 bps, bringing it to 5%. The Bank pointed to evidence of persistence in excess demand and...
