Apr 12, 2023 | Notes from the Desk
Notes From the Desk – US CPI – Faint Progress US March inflation points to a slight moderation in price pressures. YoY headline CPI 5% vs 5.1% expected. YoY core CPI 5.6% vs 5.6% expected. Consumers are getting some relief on food and energy...Mar 23, 2023 | Notes from the Desk
Notes from The Desk – FOMC Meeting – The Dot Plot Thickens The Federal Reserve (Fed) raised the overnight rate by 25bps on Wednesday afternoon, bringing the range to 4.75-5%. The Fed also softened the language about future rate hikes indicating that they will...Mar 14, 2023 | Notes from the Desk
Notes from the Desk – North American Labour Markets Remain Strong. Once again, more people than expected found work on both sides of the border. Canada: • Employment increased by 21.8k vs 10k expected. The mix was strong with 31.1k full-time jobs created and...Mar 14, 2023 | Notes from the Desk
Notes from the Desk: SVB Impact on Rate Markets It’s been a wild Monday morning, with US and CAD 2y rates dropping 0.50%. Since Thursday we have seen the US 2y decline ~1% and the CAD 2y fall ~0.75%. What’s Going On? The fear of the SVB failure is that of...Mar 14, 2023 | Notes from the Desk
Notes from the Desk – US Inflation Chairman Powell is certainly earning his $190k salary, dealing with a battle on two fronts. Just a few days ago, the market was 100% certain that the Federal Reserve (Fed) was hiking next week with the debate being whether it...Mar 8, 2023 | Notes from the Desk
Notes from the Desk: Bank of Canada Meeting – Steady As She Goes As expected, the Bank of Canada (BoC) remained on pause and kept the overnight rate at 4.50%. Noteworthy: The BoC sees signs that higher rates are slowing growth. While CPI is still too high,...
