It would not be surprising to see market players assume that the de-facto inflation target is moving higher, toward 3%. … READ MORE >
Joe Brusuelas
Bank of Canada cuts interest rate to 2.5% amid economic, labour challenges
The Bank of Canada cut its key interest rate to 2.5 per cent as a slowing economy and rising unemployment likely contributed to the unexpected policy action. … READ MORE >
Market Minute: Temporary relief for 30-year yields?
Yields have been rising as investors question the sustainability of higher government spending and the willingness of central banks to keep inflation expectations in check … READ MORE >
Market Minute: Low rates, liquidity and leverage
On Wall Street, low rates, liquidity and leverage are the holy trinity of new finance. … READ MORE >
Market Minute: Fed to cut rates and signal more easing
We expect the FOMC to cut the federal funds policy rate by 25 basis points to a range of 4% to 4.25% at its meeting on Sept. 17. … READ MORE >
Stagflation is the story in August CPI as discretionary service prices surge
Demand for discretionary services remains stubbornly strong despite a slower pace of hiring and a softer pace of wage growth. … READ MORE >
BLS revisions show 911,000 fewer jobs created than estimated
Between April 2024 and March 2025, the economy generated 911,000 fewer jobs than initially estimated using survey-based data, according to the BLS. … READ MORE >
Market Minute: Treasury expands its buyback program
The U.S. Treasury plans to extend its buyback program to additional $26 billion of outstanding debt, predominantly longer-maturity notes and bonds. … READ MORE >
Market Minute: U.S. oil producers facing headwinds as global supply grows
The futures prices of the benchmark West Texas Intermediate have fallen below $61 per barrel over the next 12 months on news that OPEC+ intends to increase production. … READ MORE >
Labor market loses steam as hiring rises by 22,000 in August
The slow hire, slow fire economy remained intact in August as the demand for new workers continued to sag, resulting in the creation of 22,000 jobs. … READ MORE >