Feb 13, 2024 | Notes from the Desk
Notes From The Desk: US Inflation Heads Into Overtime US inflation slowed less ‘swiftly’ than expected in January, challenging the market’s expectations for rate cuts to be ‘ushered’ in this spring. The headline numbers. Headline CPI was 3.1% vs....Feb 2, 2024 | Notes from the Desk
Notes From the Desk – US Payrolls – Wow! Today’s US Non-farm Payroll report was unambiguously strong, reducing concerns that the US economy is on the precipice of a major slowdown. With the data smashing expectations, Treasury yields are 8-18...Jan 31, 2024 | Notes from the Desk
Notes from the Desk – FOMC Meeting – Dialing It Back As expected the Federal Reserve (Fed) held rates steady and opted to continue quantitative tightening as scheduled. The good news. The Fed dropped references to further rate hikes, and...Jan 24, 2024 | Notes from the Desk
Notes From the Desk: BoC Day – Dropping Some Hints. As expected, the Bank of Canada (BoC) held its target overnight rate at 5% and continued the process of quantitative tightening. But as is often the case with these meetings, the devil is in the details, and...Jan 23, 2024 | Notes from the Desk
Notes From the Desk – Canadian Inflation – A Fly In The Ointment While the headline inflation number for December met expectations, the acceleration in the core measures should raise concerns at the Bank of Canada (BoC). By the Numbers. YoY headline...Jan 5, 2024 | Notes from the Desk
Notes From the Desk – North American Employment Data The shine is coming off the bond market as employment remains more resilient than expected. By the Numbers. US 216k jobs created vs 176k expected. -71k net revision to previous two months. Unemployment...
