The Bank of Canada maintained its key interest rate at 2.25 per cent. At this juncture—all things being equal—we do not expect the central bank to change its policy rate this year. … READ MORE >
Joe Brusuelas
Market Minute: Geopolitical tensions and the cost of capital
Recent moves in interest rates and currency valuations point to growing concern over the reliability of the United States as a trade partner and financier. … READ MORE >
Market Minute: Volatility in financial markets
Volatility became part of the fabric in the financial markets in the past year, with the equity and bond markets reacting to repeated crises. … READ MORE >
U.S.-Japan yen intervention is imminent
Rate checks by the Bank of Japan and the Fed last week suggest that a broader intervention to prop up the yen and longer-term Treasury yields is imminent. … READ MORE >
Get the popcorn ready for a prime-time FOMC meeting
While the FOMC is expected to keep its policy rate between a range of 3.5% and 3.75%, the real action will be at the news conference afterward. … READ MORE >
Market Minute: Germany’s fiscal space and economic green shoots
Germany’s economy managed to grow by 0.2% last year, the first year of expansion since the post-pandemic surge in 2022. … READ MORE >
Market Minute: The rising term premium on the 10-year Treasury
The term premium turned positive in early November and increased to more than 0.7 percentage points in January. … READ MORE >
Market Minute: Markets reassess geopolitical risk
A rare simultaneous selloff in the dollar, Treasuries and equities comprise what the investing community has labeled the sell America trade. … READ MORE >
Market Minute: Fed independence and the sum of all fears
Today, the sum of all fears among central bankers and economists can in large part be traced to the mistakes of the Arthur Burns era at the Fed. … READ MORE >
Market Minute: Transmission of monetary policy to the real economy
When the fiscal authority is at odds with monetary authority, then the transmission mechanism starts to break down. … READ MORE >