Notes From The Desk

Notes From the Desk:  US Inflation - Holy Relief Trade Batman (May 15 2024)   After three months of surprises to the upside, April's US inflation data was in line (to a touch softer) with the...

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...

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...

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%...

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%...

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...

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...

Notes From the Desk:  Canadian Inflation – The Trend Is Your Friend February’s CPI data surprised to the downside, opening the door wider for the Bank of Canada (Boc) to cut rates later this year....

Notes From the Desk:  North American Employment Data – The Moderation Continues   North American employment data points to continued improvement in the supply-demand imbalance. By The Numbers....

Notes from the Desk - Bank of Canada Meeting - Much Ado About Nothing The Bank of Canada (BoC) held rates steady at 5% this morning.  Although Governor Macklem reiterated that he believes rates are...

Notes From the Desk: CAD CPI - A Pleasant Surprise   After months of speculation and anticipation regarding the impact of higher rates on inflation, the Bank of Canada (BoC) received positive...

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...