Dollar Ended Broadly Higher as 10-Yr Yield Hit 2.7
Dollar was initially mixed last week but buyers jumped in after FOMC minutes revealed the quantitative tightening plan. US benchmark treasury yields also surged to highest level since 2019. Both Canadian and Australian Dollars followed as second and third strongest....
As inflation bites and America’s mood darkens, higher-income consumers are cutting back, too
The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.
Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail
A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle...
Weekly Economic & Financial Commentary: Minutes Put All Eyes on the Fed, but Economic Activity Remains Strong
Summary United States: Minutes Put All Eyes on the Fed, but Economic Activity Remains Strong In an otherwise calm week of data, Wednesday’s release of the FOMC minutes stirred things up as they showed committee members agreeing that elevated inflation...
Week Ahead: Central Banks, Inflation Data, and Earnings to Highlight the Week
After a somewhat quiet week due to the lack of economic highlights last week, things kick into high gear this week as central banks and inflation data take center stage. The RBNZ, BOC, and ECB all meet this week to...
Stocks making the biggest moves midday: Robinhood, EPAM Systems, Kroger and more
Kroger is opening automated warehouses around the country to build a larger and more profitable online grocery business. Kroger Check out the companies making headlines in midday trading Friday. Robinhood — Shares of the trading app dropped more than 7%...
The Weekly Bottom Line: Canada – Rate Hikes Ahead
U.S. Highlights The first full week of the second quarter was sparse on economic data. The service sector showed signs of modest acceleration, while vehicle sales declined for the second consecutive month in March. The Federal Open Market Committee (FOMC)...
Bank of Canada to Hike Rates for Second Straight Meeting
We expect the Bank of Canada to hike interest rates by 50 basis points next week. The move will follow up on the 25 bp rate hike in March and come alongside the widely-expected start of ‘quantitative tightening’ as the...
Week Ahead – Rapid Tightening on the Way
Central banks playing catchup There has been incredible resilience in equity markets in recent weeks as central banks have ramped up interest rate expectations, particularly at the Fed, and bond markets have at times priced in a recession. While there...
Canadian Jobs Data In-line; Full Time Jobs Strong
What makes this number strong is that the amount of full-time jobs was +92,700 vs a loss of 29,300 part-time jobs. With the 1st of April last Friday, Canada waited until the next week (today) to release its March jobs...