RBA Preview – To Maintain Rate at Historical as Counterparts Begin Tightening
The RBA will maintain all monetary policy measures unchanged at next week’s meeting. That is, the cash rate, as well as the yield target on the April 2024 bond, will stay at 0.1%. Asset purchases will also be kept at...
How Biden’s $3.5 trillion economic plan compares to LBJ’s Great Society and FDR’s New Deal
Anna Moneymaker | Getty Images News | Getty Images President Joe Biden’s $3.5 trillion economic agenda — and the social spending it would usher in — has few parallels in modern U.S. history. The New Deal era of the 1930s...
Dollar Index Could Be Capped by 94.46 Fibonacci Level as Yields Rally Halts
Dollar had been the strongest for most of the week but lost it first place at the time, as treasury yields retreated. Instead, resilient risk appetite in the US, as well as firm oil price helped Canadian and Australian Dollars...
Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants
The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank...
Weekly Economic & Financial Commentary: With Eyes on Washington, the Expansion Continues to Roll Along
Summary United States: With Eyes on Washington, the Expansion Continues to Roll Along Data released this week showed the production and housing sectors continued to hum, despite ongoing supply constraints, while consumers kept spending, despite some trepidation about the economic...
The Weekly Bottom Line: Global Energy Supply Squeeze Taking the Spotlight
U.S. Highlights Equity markets fell this week as various concerns weighed on sentiment, including central banks signaling an end to pandemic era stimulus. Fortunately, Congress agreed to a last-minute spending deal to avert a shutdown, but it will still need...
Forward Guidance: September Jobs Reports to Show More Gains
Jobs will be on the radar next week as labour market reports for Canada and the US are released. We expect a 50,000 increase in headline employment in Canada and a 425,000 increase in the US. The spread of the...
Week Ahead: Central Banks, US Politics, and An Impending Energy Crisis?
With end of month and end of quarter behind us, we may see some money put to work after the Dow Jones sold off -1,516.81 points in September, the most points (not percentage) since the March 2020 selloff of -3,492.20...
Week Ahead – Central Banks Face Inflation Dilemma
A challenging period for the markets Nerves are starting to creep into the markets which will make the final months of the year very interesting. The list of downside risks for the economy and markets is growing all the time,...
Stocks are at a 70-year high as a share of household financial wealth
Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York, on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Overall U.S. household wealth has never been this high,...