Tag: inflation
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Between A Rock And A Hard Place
It is fairly common knowledge now that Canadian inflation for the month of May was reported yesterday. Of course we saw a re acceleration of inflation in the month – and not by a little bit. There seems to be a lot of mis information around yesterdays report, with a lot of people saying inflation…
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Sacrosanct
We have all been waiting anxiously for inflation to fall to the BOC’s target of 2% for the last couple of years. People watch the monthly inflation releases more than I have ever seen in my entire career. But what if 2% doesn’t get the job done? The UK reported their inflation data this morning,…
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Dog Wagging the Tail, or Tail Wagging The Dog?
This morning saw the release on the US inflation report, and it came in under expectations. US inflation edged up .2% month over month, and 3.4% YOY, both missing market expectations by.1%. Ironically, it was 1 week ago today we had the BOC announce, at about this time they were cutting rates by 25 bps.…
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Tik Tok Gonna Be Lit!!!
Well, there you have it – Tiff has dropped rates by 25 bps!!!. Should he have? No, but he caved to political pressure and did it anyways. Oh well, this is going to be a fantastic soul crushing experience coming. The 1 year bond market had dropped 20 bps from the end of May leading…
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Clear As Mud
This morning at 8:30 we got a lot of data out about the health of both the Canadian and US economy. First things first, the US inflation number was out, and it came in right where expected at 2.7%. it was the PCE which is the US Federal Reserve’s preferred inflation gauge. The 2.7% was…
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Wednesday Smashup
What a week it is shaping up to be. Lets take a look at some things that are going on: Scotiabank has changed their slogan. We are all familiar with ” You’re richer than you think”, but now they have changed it to ” There is more to life than more”. Apparently, they couldn’t say…
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Anyone Have A Pinecone?
Will he, or won’t he? That seems to be the million dollar question these days. Will Tiff lower rates on June 5th, or will he continue on the status quo of doing nothing? Never before have I ever seen so many people outside of the Capital Markets world worried and watching a central bank announcement.…
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FIRE!!!!
The Canadian jobs report is out, and it is fire!!! Canada added 90,000 jobs in April – far exceeding the estimates. All in all it was a decent report with a majority of the jobs being in the private sector for a change, although the part time number was a little high, but all in…
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Make it Make Sense
Yesterday saw the release of US GDP for Q1, and it came in well below expectations. Even though GDP came in at 1.6% growth – well below the expectations for 2.6% , bonds yields surged. It may seem odd that after GDP missing expectations to the downside we see bond yields shoot up, right? I…
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Heating Up
Things are heating up….and I don’t mean the weather. Today was quite the day in interest rate circles. The US released their inflation numbers for March, and they were up a lot more than expected. Inflation stopped cooling down, and heated up in March, reversing a trend of easing price pressures. Instantly on the release…
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