Market Insights
Monthly Commentaries
A Whiff of Stagflation
‘If you don’t like the news,
go out and make some of your own.’
Wes Nisker
Notes from the Desk
CAD July CPI – Clearing Another Hurdle
The Bank of Canada (BoC) is walking a fine line between inflation and growth concerns. Today’s CPI data ought to make them a touch more comfortable that inflation is not accelerating. The Numbers....
US July Payrolls – That’s Gonna Leave a Mark
Today's report calls into question Chairman Powell's view that the labour market is in balance. The Numbers. 73k jobs created vs 104k expected The previous two months' payrolls were revised lower by...
Bank of Canada Rate Decision – A Dovish Hold
As expected, the BoC held rates steady at 2.75%. Today’s decision was accompanied by an updated Monetary Policy Report (MPR), in which the Bank provided economic forecasts based on three trade...
FOMC Meeting – Dissent Amongst The Ranks
Chairman Powell clearly prefers to be remembered as ‘Too Late Powell’ rather than as ‘Push Over Powell’, as the FOMC held the policy rate steady at 4.25-4.50%. The meeting marked the first time...
US Nonfarm Payrolls – The Fed’s Out for Summer
It appears that the Fed can take the summer off, with job creation in June exceeding expectations. The numbers. 147k jobs were created, beating expectations of 106k. The prior two months were...
Wait For It…
It came as no surprise that the Fed held rates steady for a third consecutive meeting. The statement. The FOMC notes that ‘the risks of higher unemployment and higher inflation have risen’. The...