Financial Conditions Make A Monetary Roundtrip and Undercut the Need for Rate Cuts
Last week, financial markets stared in dismay at “sticky” inflation numbers on the consumer and…
Economy
Dr. Duru Bank of Canada’s Macklem: The End is In Sight But Rates Are Not Returning to Pre-Pandemic Levels
In a BNN Bloomberg video interview late last month, the Bank of Canada’s governor Tiff…
Inflation Now, Inflation 76 Years Ago
In “Want to Understand 2024? Look at 1948“, the New York Times drew some fascinating…
The Federal Reserve Makes It Official: Inflation Is Dead
At the risk of making Inflation Watch a lot less relevant and topical, I am…
Despite the Inflation Celebrations, the Case Against Team Transitory Still Stands
The excitement over a slightly softer than “expected” October inflation print extended from financial markets…
Canada’s Version of Higher for Longer: Inflation Risks Have Increased
The Bank of Canada (BoC) has completed a 180-degree turn from its goldilocks outlook on…
A Stall in Canada’s Core Inflation Narrative
What a difference 5 months can make. Canada’s inflation trend has apparently transitioned from a…
What Powell Missed In His Jackson Hole Speech Explaining Inflation’s Drivers
Federal Reserve Chair Jerome Powell included a neat and tidy explanation of the drivers of…
Base Effects Add to the Bank of Canada’s Inflation Concerns
Last month, the Bank of Canada worried about inflation staying more persistent than expected and…
Why Monetary Policy Was Late In Responding to the Pandemic-Era Inflation Surge
Validation That Monetary Policy Was Overly Accommodative for Too Long When the Federal Reserve changed…