May 3, 2024 | Notes from the Desk
Notes From the Desk: US Payrolls – Soothing Nerves After a few months of strong data, today’s payroll numbers will offer central banks a touch of relief. By the numbers: The US added 175k jobs versus expectations of 240k. Unemployment rose...May 2, 2024 | Notes from the Desk
Notes From the Desk – FOMC Meeting: Steady as She Goes Today’s FOMC meeting was as expected. The Federal Reserve (Fed) kept rates unchanged while announcing well-telegraphed changes to Quantitative Tightening (QT). The key points: The Fed believes...Apr 16, 2024 | Notes from the Desk
Notes From the Desk – Tracking Trends: CAD CPI on the Downward Path Governor Macklem and Co. are going to be pleased with the March CPI data. By the numbers: Headline CPI 2.9% (2.9% expected) CPI Median 2.8% (3% expected) CPI Trim 3.1% (3.2% expected)...Apr 10, 2024 | Notes from the Desk
Notes From The Desk: Two For One Special – US Inflation & The BoC US Inflation. US CPI came in hotter than expected for the third month in a row. Headline inflation printed at 3.5% (vs. 3.4% expected). Core inflation came in at 3.8% (vs. 3.7%...Apr 5, 2024 | Notes from the Desk
Notes From the Desk- North American Employment Data – Central Bank Conundrum Today’s employment data does not make steering monetary policy any easier for the Federal Reserve (Fed) or Bank of Canada (BoC). The US economy continues to produce plenty of...Mar 20, 2024 | Notes from the Desk
Notes From The Desk – FOMC Meeting – Sticking To The Plan Today’s FOMC meeting was more about what did not change. Given the stronger-than-expected inflation data this year, the market feared that the Federal Reserve (Fed) would dial back the...
