Investors are pricing in a faster growth, which a big reason that rising Treasury yields have not resulted in a correction in equity valuations. … READ MORE >
Economics
India’s inflation accelerates as food and energy rise
Rising food prices and higher energy costs are pushing inflation closer to the top of the Indian central bank’s tolerance range, increasing the risk that price pressures will persist into next year. … READ MORE >
Market Minute: As CPI stays elevated, real wages decline
The Consumer Price Index for September is likely to increase by 0.6% on the month and by 3.6% annually when the data is released on Oct. 14. … READ MORE >
Canada lost 68,300 jobs as trade war clouds outlook
The Bank of Canada is likely to hold its policy rate at 2.25 per cent in October given September’s weak jobs report and core inflation remaining near target. … READ MORE >
Market Minute: France offers England a warning on fiscal credibility
France’s government bond market offers a timely warning for Chancellor of the Exchequer John Healey: Fiscal credibility can deteriorate quickly. … READ MORE >
Market Minute: Global bond selloff accelerates with focus on France
Yields on government securities are increasing, led by France, as fiscal pressure mounts, inflation rises, and the global carry trade unwinds. … READ MORE >
Market Minute: Home ownership and 7% mortgage rates
Higher long-term rates will be a fact of life for the foreseeable future, offering no relief on housing costs. … READ MORE >
Market Minute: Rebalancing of trade falters as U.S. partners look elsewhere
The overall deficit has widened and the trade taxes imposed on U.S. companies are being passed along to customers, resulting in higher inflation. … READ MORE >
Market Minute: Bond rout doing Fed’s work as financial conditions tighten
The RSM US Financial Conditions Index suggests only a moderate level of accommodation remaining in the financial markets. … READ MORE >
Low-hire, low-fire labor market continues in September jobs report
the slowing in the top-line estimate should reinforce market expectations that the Federal Reserve will not increase interest rates at its meeting at the end of the month. … READ MORE >