The current inflation run is similar to other episodes in history, but with important differences
A customer’s groceries are rung up at a store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021. David Paul Morris | Bloomberg | Getty Images Critical supply chains are choked off. Demand soars. Prices surge and everyone starts...
Investor Confidence Shattered by Omicron Variant, Yen and Swiss Franc Surged
Investor confidence was shattered by the news of the heavily mutated B.1.1.529 coronavirus variant, now called omicron. WHO warned that this variant has a large number of mutations, some of which are concerning. It added that preliminary evidence suggested an...
Week Ahead: Who Cares about Inflation When There is an Omicron Covid Variant?
“Early indications show this variant may be more transmittable than the Delta variant, and current vaccines may be less effective against it”. Last week began with worries about inflation and concerns that the Fed would taper more quickly than Powell...
The Weekly Bottom Line: Consumer Spending Powers Ahead
U.S. Highlights President Biden removed months of speculation by announcing his nomination of current Fed Chair Jerome Powell for a second term to head the Central Bank. He will be joined by Governor Brainard who the President nominated for Vice-Chair....
Forward Guidance: Canadian GDP Edging Higher as Labour Markets Tighten
We expect GDP rose 4.0% (annualized) in the third quarter, picking up after a 1.1% decline in Q2 when COVID-19 restrictions were more stringent. That Q3 increase would be stronger than the 2% early estimate from Statistics Canada a month...
Week Ahead – Pressure Mounting on Central Banks
Investors concerned about new Covid variant For months now the main topic of conversation in the markets has been inflation. Is there too much of it, is it here to stay, and are monetary policymakers actually going to do something...