Federal Reserve Chair Kevin Warsh will face tough questions on inflation after Wednesday’s FOMC meeting. How direct will he be in answering them? … READ MORE >
Economics
Parsimony is a feature, not a bug, at the new Fed
The major change in the Fed’s approach has been the partial removal of forward guidance. The result is rising uncertainty and volatility in the 2-year Treasury. … READ MORE >
Preserving retail and restaurant margins during an energy shock
Middle-market retailers and restaurants running on thin margins must plan for costs to remain higher for longer. … READ MORE >
Market Minute: Is public debt crowding out corporate issuance? Not yet.
Despite a large increase in private sector paper linked to AI, public issuance of debt does not appear to be crowding out private sector needs. … READ MORE >
Market Minute: Yen heading toward 170 on the dollar
Rational overshooting in the forex market will most likely send the yen to 170 or above versus the dollar as investors test the mettle of the new Takaichi government. … READ MORE >
Market Minute: How falling inventories and rising diesel prices pose an inflation risk
We expect higher transportation costs to continue to pressure food and most other goods higher for consumers and for all aspects of the business community. … READ MORE >
Canada’s consumer price index falls to 2.8% due to lower gas prices
Canada’s latest consumer price index data and inflation statistics mark a firm return to price stability—but uncertainty persists regarding energy prices. … READ MORE >
Retail sales rise in June on the back of falling gas prices
Topline retail sales rose 0.2% on a nominal dollar basis even as spending at the pump fell a sharp 5.3%. … READ MORE >
Bank of Canada holds interest rate again amid signs of economic recovery
The Bank of Canada held its overnight rate at 2.25 per cent—a widely expected move, but one delivered with a dovish tone amid ample signs of economic recovery. … READ MORE >
RSM’s U.S. midyear economic update: Supply shocks ease
We expect that rate to accelerate to 2.5% in the current quarter and 2.1% during the final three months of the year. … READ MORE >