The three dissents in the 9-3 vote, though, came from regional presidents— Neel Kashkari, Lorie Logan and Beth Hammack—and not from the Board of Governors. … READ MORE >
interest rates
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 >
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 >
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 >
RSM’s global central banking outlook
Oil and energy shocks in the first half of the year presented central bankers with another stern test of their willingness to ensure price stability. … READ MORE >
Market Minute: At the FOMC meeting, a rate hike to be determined later
Recent events have caused a reset of investor expectations regarding what and when the Federal Reserve’s next move will be. … READ MORE >
Market Minute: Warsh will face a searing credibility test
How will the new Fed chair balance his stated receptiveness to rate cuts with the recent rise in inflation? … READ MORE >
Bank of Canada holds interest rate amid global uncertainty, domestic strain
The Bank of Canada kept its key interest rate at 2.25 per cent—a fifth consecutive hold—due to the elevated level of uncertainty around the direction of the domestic economy and the global financial implications of the war in the Middle East. … READ MORE >
Market minute: ECB to raise rates in June
Our assessment implies that, given the current global supply shock, the ECB’s monetary policy is too accommodative. … READ MORE >