The FOMC took a page from what its northern neighbour did last week and delivered a hawkish 25bps cut. Birds of a feather I ...

The aftermath of the FOMC’s more hawkish pivot continues to reverberate through global markets. US equity futures are a little more stable with small gains this morning and the US yield curve is ...

All Canadian provinces are poised for better growth in 2025, despite anticipating stronger policy headwinds in late 2025 and 2026 from both domestic and international fronts (chart 1). Consumption is ...

On Wednesday, December 18 th, the Central Bank (BCCh) revealed its economic projections in the December IPoM, highlighting an expansion of 2.3% expected for the GDP (IPoM Sept-24: 2.4%) and of 4.8% ...

The BoE followed the Fed’s hawkish cut with a dovish hold at 4.75% with a more dovish-than-expected 6 hold vs 3 cut vote split accompanied by a statement where the BoE seemed relatively unfazed by ...

Higher core inflation and significant multilateral depreciation of the CLP will lead to pauses in cuts, starting in January 2025 On Tuesday, December 17 th, the Central Bank cut the policy rate by 25 ...

Sovereign bonds are mostly cheaper across major markets with gilts leading the way following a questionable interpretation of the latest batch of job market figures. The USD is stronger along with the ...

GDP growth came in at 3.4% in October. This was the third consecutive growth in which GDP growth has fluctuated at a narrow, and comforting, pace of between 3.2% and 3.4% (chart 1). There are a couple ...

Canadian inflation sent another warning shot across the Bank of Canada’s bow. Markets ignored it and reacted inappropriately by driving slightly lower short-term yields in Canada after the release.

This feels like a typical FOMC day by way of a generally cautious market tone. Equities are slightly bid across most benchmarks, sovereign bonds are not doing much, and currencies are mixed. In my ...

Banxico’s Governing Board decided to cut the target interest rate by 25 basis points to 10.00%. Most analysts expected a cut of this magnitude, while a minority anticipated a 50bps move. Headline and ...