Even as central banks cut policy rates and push rates down at the front end of the curve, investors are demanding a greater premium for holding longer-dated debt. … READ MORE >
Joseph Brusuelas
Rising inflation, increased spending complicate Fed’s next decision
While nominal gains in spending and income look strong on the topline, adjusting for inflation is necessary—and subsequently implies an economy that is growing just above 1 percent. … READ MORE >
Market Minute: Rising input prices curb appetite for capital expenditure investment
Manufacturers continue to expect higher input prices while holding mixed expectations regarding capital expenditure in the next six months. … READ MORE >
Market Minute: U.S. economy stuck in neutral, key Citi index suggests
Recent developments imply a possible economic turning point in the business cycle—and understanding economic surprise indices is key. … READ MORE >
Market Minute: What trade policy whiplash could mean for inventories
Businesses experiencing trade policy whiplash are seeking to get as much as possible into U.S. ports before higher import taxes are enforced. … READ MORE >
Market Minute: Manufacturing stuck in slow growth despite increased shipments
While shipments of durable goods manufactured in the U.S. are increasing, it’s clear that manufacturing is stuck in a period of slow growth. … READ MORE >
Market Minute: U.S. economy rests on the wealthy continuing to spend
The K-shaped economy that has defined the U.S. in the post-pandemic era is predicated on upper-income groups continuing to spend at a strong clip. … READ MORE >
Market Minute: Financial market volatility could be returning—here’s why
After days of repose to start the summer, conditions are aligning for a return of financial market volatility for the rest of the year. … READ MORE >
Bank of Canada holds interest rate amid economic resilience, trade tensions
The Bank of Canada held its key interest rate at 2.75 per cent amid Canada’s overall economic resilience and ongoing trade tensions with the U.S. … READ MORE >
Market Minute: The widening gap between equities and the real economy
Equities have become priced to perfection recently, fueled by bank and tech earnings that have exceeded expectations. … READ MORE >