Interest rate differentials and policy rate expectations, in addition to robust growth in the U.S., provide a reason to be bullish on the U.S. dollar. … READ MORE >
Economics
Market Minute: Expect a solid jobs report for October
RSM forecasts a net gain of 95,000 jobs for October, well above the number needed to keep the labor market stable. … READ MORE >
UK’s autumn budget calms markets but stores up trouble for 2027
England’s Chancellor of the Exchequer John Healey had two main aims in releasing the autumn budget: to support households and businesses through the latest energy shock and to convince markets that he is fiscally responsible. He appears to have achieved both. … READ MORE >
The American economy is running hot—just like inflation
We anticipate that more challenging income dynamics underlying the data will result in a slowing of GDP back toward 2.5% to close out a strong year. … READ MORE >
A hawkish Fed holds rates steady amid rising inflation
The Federal Open Market Committee kept its policy rate in a range between 3.75% and 4% on Wednesday as it opted for the status quo days before the midterm elections. … READ MORE >
Bank of Canada raises interest rate to 2.5%—with more hikes to come
The Bank of Canada raised its key interest rate to 2.5 per cent after seven consecutive holds due to persistently high oil prices amid stronger-than-expected economic growth. … READ MORE >
Market Minute: Expect third-quarter GDP to reach 3.4%
The growth is being driven by the AI build-out, spending by upper-income households, inventory accumulation, tax cuts and tariff refunds. … READ MORE >
Market Minute: The rising cost of inaction by the Fed
We expect the Fed to hold its overnight policy rate within the current range of 3.75% to 4.0% at its Wednesday meeting. … READ MORE >
Market Minute: ECB to hold rates in October, with hikes to come
With little evidence of second-round inflation effects, the Governing Council is unlikely to feel compelled to deliver consecutive rate hikes. … READ MORE >
Market Minute: Get ready for a consequential week
Next week’s economic releases and policy decisions will affect asset pricing and expectations for interest rates. … READ MORE >