Policy rate cuts by the Bank of Canada and the U.S. Federal Reserve are in response to both countries’ economies absorbing adverse policy shocks along with a slowing pace of hiring and wage growth. … READ MORE >
Market minute
Market Minute: Financial conditions, rate cuts and the FOMC
The Federal Open Market Committee is likely to reduce its policy rate by 25 basis points to a range between 3.75% and 4% at its next meeting on Oct. 29. … READ MORE >
Market Minute: Tech’s influence on global stock markets
In Japan, technology firms have a 52% share of the Nikkei index, exceeding the 40% share that tech firms have in the S&P 500 in the U.S. … READ MORE >
Market Minute: Impact of the shutdown goes nonlinear
As the government shutdown continues, we expect a 0.25% drag on GDP per week, or 1% per month. … READ MORE >
Market Minute: Increased risk appetite for high-yield bonds
Despite uncertainty caused by changing economic policies, investor interest in high-yield corporate debt is providing a tailwind for the economy. … READ MORE >
Market Minute: Subdued forecasts for growth in developed economies
The OECD points to further downside risks to international trade, increased concerns about the fiscal health of the economies, renewed inflation pressures and financial instability. … READ MORE >
Market Minute: Do falling heavy truck sales indicate recession?
Since 1979, a collapse in sales of heavy trucks has coincided with recessions. But recent history tells a more nuanced story. … 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: 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. residential investment never recovered after financial crisis
American residential investment, which stands at 3.3% of gross domestic product, remains tepid at best amid an affordability crisis that will not be solved anytime soon. … READ MORE >