The recent drop in both Treasury yields and TIPS yields are adding credence to the success of the Federal Reserve’s campaign to squeeze inflation out of the economy. … READ MORE >
Inflation
Canada’s inflation fell to 2.5 per cent, solidifying case for rate cut
Inflation numbers have consistently come in below expectations this year and is firmly on track to reach 2 per cent next year. … READ MORE >
Seven reasons why the U.S. economy will not fall into recession
The American economy is not heading into a recession. The economy has shown resilience despite high interest rates and elevated inflation. … READ MORE >
Fed holds rates steady as it sets up for September cut
We expect that the FOMC will reduce the policy rate by 25 basis points at its September meeting and then do so again in December. … READ MORE >
PCE inflation continues to ease in June as income and spending gain
Top-line inflation in the personal consumption expenditures index increased in June by 0.1% and by 2.5% on a year-ago basis. … READ MORE >
American economy grew by 2.8% in second quarter, exceeding forecasts
A strong labor market, rising real wages and a 1% increase in disposable income bolstered household spending, which advanced by a sustainable 2.3%. … READ MORE >
Bank of Canada reduces rate to 4.5 per cent amid disinflation
With widespread disinflation and rising unemployment, our estimates show that the Bank of Canada’s policy rate is still a percentage point too high. … READ MORE >
GDP preview: U.S. top-line growth to show solid increase
The Fed will maintain its policy rate in a range between 5.25% and 5.5% when it meets at the end of July. But we anticipate a change in the committee’s policy statement that will signal a rate cut is on the table in September. … READ MORE >
Canada’s CPI in June shows disinflation and suggests rate cut
While inflation will continue to decrease, price levels are much higher than a few years ago, and that is something that can only get more palatable with higher income levels. … READ MORE >
Why a strong dollar is in America’s best interests
A strong dollar not only means that there is a healthy demand for American-made goods and services, but, perhaps more important, it is also a show of confidence in the U.S. government and financial institutions. … READ MORE >