Top-line growth advanced by 4.3% in the third quarter despite the adverse trade and immigration shocks the economy has absorbed over the past year. … READ MORE >
Joe Brusuelas
Market Minute: When the Fed’s reserves go from abundant to ample
Those who wish to return to the way things were before the financial crisis, before the Fed expanded its balance sheet, are living in a fantasy world. … READ MORE >
Dude, that was one flawed CPI report
Growth in inflation eased to a 2.7% pace overall, and to 2.6% excluding food or energy. Because of an inability to retroactively collect the October data, it is difficult to precisely identify why top-line inflation slowed. … READ MORE >
Market Minute: Deindustrialization and the rise in worker discontent
Workers are producing more, but they aren’t seeing the benefits. Class resentment has followed. … READ MORE >
The jobs data is out. If you are not confused, you are not paying attention.
Little clarity was provided by the combined October and November jobs data. The low-fire, low-hire jobs market remains intact as the unemployment rate continues to climb. … READ MORE >
Market Minute: Expect November CPI to show 0.3% monthly increase
We expect both the top-line and core readings of the consumer price index to rise by 3% rise from a year ago when the data is released Thursday. … READ MORE >
The growth of government debt and its consequences for financial markets
The United States is borrowing roughly $7 billion per day to finance its operations with the deficit heading toward $2 trillion this fiscal year. … READ MORE >
Bank of Canada prudently holds interest rate ahead of 2026 challenges
The Bank of Canada held its key interest rate at 2.25 per cent—a prudent pause as the country’s labour market remains soft and unemployment remains elevated. … READ MORE >
Market Minute: Bank of Japan rate normalization demands investor attention
Expected Fed rate cuts and increases by the Bank of Japan will affect the carry trade as investors reassess the use of the yen to finance speculative activity elsewhere. … READ MORE >
Market Minute: Deteriorating expectations on inflation and household finances
The Federal Reserve will have a difficult choice of either fighting inflation or hoping to revive a sluggish labor market when it meets this week. … READ MORE >