What is occurring in France is likely a preview of coming attractions across the G-7 and potentially the United States. … READ MORE >
Economics
Market Minute: The American term premium in three easy pieces
The U.S. term premium eased over the past week as investors moved into fixed income positions amid the selloff in technology-affiliated equites. … READ MORE >
Market Minute: This time is not different
Whenever a transformative technology is introduced, there will be malinvestment. Eventually, the bond market imposes discipline. … READ MORE >
Canada’s inflation ticks up to 3.1% due to high oil prices
Canada’s CPI rose 3.1 per cent on a year-over-year basis due to higher oil prices. Excluding energy, inflation came in at a reasonable 2.1 per cent. … READ MORE >
Market Minute: Financial conditions and the Fed’s work
After a year of near complacency, our RSM US Financial Conditions Index declined to less than 0.3 standard deviations from normal levels of risk. … READ MORE >
Market Minute: The energy shock has miles to go
Miles driven usually peaks in the middle of the summer, but this year, that number has steadily fallen compared to last year. … READ MORE >
India’s unemployment rate held steady at 5.0% in September
India’s labor market showed signs of broader improvement in September, with the headline unemployment rate holding steady at 5.0% for a second consecutive month. … READ MORE >
Strong top-line retail sales mask weakness as producer prices rise
Taken together, the reports on retail sales and producer prices for September point to an uncomfortable mix: Prices are rising faster while underlying demand is losing steam. … READ MORE >
Market Minute: U.S. agriculture is losing market share
American soy production has suffered as new trade policies have taken hold. … READ MORE >
Rising inflation in September shows more evidence of triple supply shock
With CPI rising by 0.6% on the month and by 3.7% compared to a year ago, it is clear that the central bank will need to act to restore price stability. … READ MORE >