The forward market now anticipates a 5.25% terminal rate for the federal funds rate at the Fed’s June meeting and then a gradual unwinding just below 4% in two years. … READ MORE >
interest rates
RSM revises its Fed call as inflation proves sticky
We now expect at least three 25 basis-point hikes at the Fed’s March, May and June policy meetings with the risk of a 50 basis-point hike in March. … READ MORE >
Initial jobless claims inch down amid tight labor market
New filings for jobless benefits inched down last week to 192,000, remaining below the pre-pandemic level where they have been since December. … READ MORE >
Canada’s annual inflation slows again, yet Bank of Canada’s work is not done
The consumer price index rose by 5.9% from 12 months ago in January, down from 6.3% in December, and lower than the market’s forecast at 6.1%. … READ MORE >
Jobs and inflation data show a still-strong economy
Both producer inflation and jobless claims came in stronger than expected in the most recent government reports released on Thursday. The data adds further pressure on the Federal Reserve as it aims to steer the economy toward a soft landing. … READ MORE >
Canada adds a robust 150,000 jobs in January as wage growth eases
Robust job gains combined with the unemployment rate holding steady near a record low at 5% should push the expectations of a recession—even a mild one—on hold, or at least push them to the second half of the year. … READ MORE >
Fed hikes rates by 25 basis points as it approaches peak
The central bank hiked its policy rate by 25 basis points to a range between 4.5% and 4.75%, its eighth straight increase, though lower than the recent increases. … READ MORE >
Real estate dealmaking adjusts amid fears of a frozen market
For real estate private fund investing, rising rates have made deal metrics harder to obtain, and as a result, the amount of capital being raised for funds has created hesitancy in the overall market. … READ MORE >
Canadian economy grew by 0.1% in November
Canada’s gross domestic product growth remained unchanged in November at 0.1% as tightened monetary policies continued to slow the economy. … READ MORE >
Labor costs slow, setting the stage for smaller Fed rate hike
The index showed that labor cost growth fell to 1.0% on a quarterly basis, and to 5.1% on a year-ago basis for all workers, according to the Bureau of Labor Statistics’ Employment Cost Index released on Tuesday. … READ MORE >