Jamie Dimon’s warning for the U.S. economy — nobody knows what comes next
Attempting to forecast the path of the American economy right now is like peering into a dark well — nobody knows how deep the hole goes. Even Jamie Dimon, CEO of JPMorgan Chase and veteran prognosticator of all things financial,...
These business owners got a PPP loan. It may not be enough
Robert Miller, a Pittsburgh area restaurateur, has watched with sadness as some of his favorite local eateries closed for good in recent weeks. Union Standard, Pizza Taglio, Spoon — just a handful of the businesses lost in the age of the...
Weekly Economic and Financial Commentary: A Glimpse of the Rebound that Might Have Been
U.S. Review A Glimpse of the Rebound that Might Have Been Two countervailing themes competed for attention this week in financial markets. The first is that for the most part, economic data continue to surprise to the upside and do...
The Weekly Bottom Line: BoC and Feds Reaffirm Continued Support
U.S. Highlights Despite the continued surge in new infections in the U.S., financial markets were on the upswing this week on positive economic data and encouraging news on a vaccine. Internationally, the Chinese economy resumed growing in the second quarter....
Forward Guidance: Household Spending Recovery Picking Up Speed, For Now…
The bounce-back in household spending to-date continues to look significantly stronger than expected. Canadian home resales jumped 15% above year ago levels in June — a far cry from the 57% year-over-year plunge in April when a full month of...
Week Ahead – Focus Remains on Virus Spread, Fiscal Stimulus, Rebounding Data, and Earnings
Key Economic Events Saturday, July 18th Monday, July 20th – advertisement – Brexit talks resume in London US Sec of State Pompeo meets UK PM Johnson and Foreign Sec Raab 21:30 ET China to keep 1-and-5 year loan prime rates...
All Eyes on the EUR/USD
The US Dollar was bearish against most of its major pairs on Friday with the exception of the CAD. On the economic data front, Housing Starts rose to 1,186K on month in June (1,190K expected), from a revised 1,011K in...
Sustainable finance: The financial sector must build D&I momentum
Events of the last few months, from the pandemic to protests ignited by the killing of George Floyd in the US, have thrust racial, ethnic and gender inequality into the spotlight. Financial institutions are rethinking their approach to diversity and...