Eurozone inflation to spike but ECB seen staying the course
The flash inflation estimates for August are due out of the Eurozone on Tuesday at 0900 GMT. The headline rate is expected to jump to a near-decade high. But this is unlikely to speed up policy normalization plans at the...
Weekly Economic & Financial Commentary: Powell Keeps an Open Mind to Tapering
Summary United States: Output Continues to Ramp Up as COVID Surges Higher Output continues to ramp up across the U.S., even as the resurgence in COVID cases is leading to some pullback in consumer engagement. The need to rebuild inventories...
The Weekly Bottom Line: Delta Variant Dims The Outlook
U.S. Highlights Markets had to wait until Friday for the main event, Fed Chair Powell’s Jackson Hole remarks. In his speech, he provided a clear signal that as long as the economy continues to make progress, the Fed will begin...
Week Ahead: Jackson Hole Fallout and the Importance of Non-Farm Payrolls this Week
Traders waited months for Jerome Powell’s speech at the Jackson Hole Symposium on Friday. Would he announce the Fed will begin tapering? The answer was a resounding no, and with no mention of a timeline, except that it could happen...
Week Ahead – Action Packed End to Summer
Country US Now that Jackson Hole is over, the focus shifts back onto the economic recovery. Investors will pay close attention to every data point that can give possible insights into the labour market recovery and if pricing pressures continue...
Fed Chair Powell on the Economy and Tapering
At the Federal Reserve Bank of Kansas City’s Jackson Hole Symposium, Federal Reserve Chair Jay Powell gave a much anticipated speech titled, Monetary Policy in the Time of Covid. Markets were looking for a signal that a tapering of the...
Forward Guidance: Canada GDP to Show Recovery Accelerated in June ahead of Delta Wave
Economic activity bounced back in June from COVID’s spring wave, this week’s Canadian GDP data should confirm. We’re tracking a 0.8% increase in June GDP—slightly above Statistics Canada’s early estimate of 0.7%. That would retrace the declines posted in April...
Canadian Dollar Flat ahead of Powell
It has been a volatile week for the Canadian dollar, but the currency is as quiet as a mouse on Friday. Currently, USD/CAD is trading at 1.2683, up 0.02% on the day. On the economic calendar, Canada’s Raw Materials Price Index...
Fed Members Comment Ahead Of Powell’s Speech: Tapering Is Coming
It’s no secret that St. Louis Fed President James Bullard has been a leading the charge for the Fed to begin tapering it bond purchases. However, with markets on pins and needles ahead of tomorrow’s speech by Fed Chairman Powell...
Pound Dips ahead of Powell Speech
The British pound continues to have a relatively quiet week. GBP/USD is currently trading at 1.3728, down 0.28% on the day. All eyes on Powell speech Fed Chair Jerome Powell will be the center of attraction at the Jackson Hole...