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American exceptionalism: Job gains of 256,000 to temper calls for further rate cuts
The American economy remains at full employment and will remain tight for the near future, which should temper calls for the Federal Reserve to cut rates further. ... READ MORE >
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Morning market minute: Net immigration, population growth and U.S. employment
This influx of immigrants is one of many reasons why the U.S. economy has grown by nearly 3% over the past two years. … READ MORE >
Morning market minute: India’s rising capital buffer and the end of its currency peg
As India has gained prominence in the global economy, its central bank, the Reserve Bank of India, has wisely increased the level of foreign exchange holdings. … READ MORE >
Morning market minute: The end of the Indian rupee’s effective dollar peg
With the rupee trading at or near all-time lows and the Reserve Bank of India’s real effective exchange rate at all-time lows, the 2022-2024 de-facto exchange rate peg maintained by the RBI has ended. … READ MORE >
Morning market minute: Do frothy financial markets present risk in 2025?
It is said that the economy is not the stock market. That is true; however, the stock market is critical to supporting household spending. In our contemporary K-shaped economy, paying close attention to the link between equity market valuations and their impact on overall household spending is one important way to monitor risk to the economic outlook in 2025. … READ MORE >