The Federal Open Market Committee is likely to reduce its policy rate by 25 basis points to a range between 3.75% and 4% at its next meeting on Oct. 29. … READ MORE >
Economics
Market Minute: Attractiveness of dollar-denominated securities at risk
Confidence in the U.S. fiscal path as well as the relative safe-haven status of dollar-denominated securities is increasingly being questioned. … READ MORE >
Market Minute: Tech’s influence on global stock markets
In Japan, technology firms have a 52% share of the Nikkei index, exceeding the 40% share that tech firms have in the S&P 500 in the U.S. … READ MORE >
Market Minute: Tariffs and the likely bailout of soybean farmers
China has blacklisted imports of U.S. soybeans and corn, bringing those exports to a halt. A bailout for U.S. farmers is coming together in Congress. … READ MORE >
Market Minute: Focus on food prices and inflation expectations in the CPI
The Cleveland Fed’s Inflation Nowcasting model estimates that the CPI will have reached 3% in September and the first weeks of October. … READ MORE >
Market Minute: Impact of the shutdown goes nonlinear
As the government shutdown continues, we expect a 0.25% drag on GDP per week, or 1% per month. … READ MORE >
Canada’s economy slowing as major free-trade renegotiation looms
Canada’s subdued economic activity and the drop in inflation despite ongoing tariffs imply that the Bank of Canada could cut interest rates again this year. … READ MORE >
Market Minute: Tariff revenues, rates and rebates
The U.S. Customs and Border Protection agency is collecting tariffs at a rate of $30 billion per month compared with the $6.8 billion per month normally collected from importers. … READ MORE >
Market Minute: French-German yield spread to widen on political risk
The yield spread between French and German 10-year government bonds is spiking as France’s government once again comes under pressure. … READ MORE >
Market Minute: Persistent inflation across the G-7
While central banks have adhered to a policy maintaining inflation at a 2% target, only Canada and France have kept inflation below 2% over the past 12 months. … READ MORE >