Mr. Powell goes to Washington In a week of high anticipation, US Federal Reserve (Fed) Chair Jerome Powell took center stage in Congress, providing crucial updates on the future of rate cuts. During his Senate testimony on Tuesday, Powell expressed optimism as inflation approached the Fed’s 2% target, signaling potential for future rate cuts. He […]
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Weekly Update for the week ending August 18, 2023
Items that may only interest or educate me ….
Canadian Economic news, US Economic news, Debt and Interest rates…
It was a slow week for US economic reports, so I decided to explain the reports I will be covering on a regular basis going forward, and why I chose them. If you are interested, please check out Key Economic Data [link to Blog_Economic data] in the Commentary section.
Weekly Update for the week ending February 24, 2023
Items that may only interest or educate me …. Canadian CPI, landings, Canadian deficit, a bunch of US data … The Canadian Consumer Price Index (CPI) dropped to 5.9% on a year over year basis but rose by 0.5% compared to December. Economists had anticipated 6.2% and 0.7%, respectively. The main driver of inflation was […]
Weekly Update for the week ending December 2, 2022
Items that may only interest or educate me …. Welcome to December, TSX prospects for 2023, a fourth quarter comeback for the S&P, lower interest rate hikes, an inflation speed bump, Canadian banks’ earnings, and the next increase to the Canadian interest rate November is over and ended with a bang thanks to the optimism […]
Weekly Updates for the week ending November 25, 2022
Items that may only interest or educate me …. Increased TFSA contribution limit, probability of smaller interest rate increases in Canada and the USA, potential rail system gridlock (again) Let us start with some good news. The annual contribution limit for Canada’s tax-free savings account (TFSA) is set to rise from C$6,000 to C$6,500 for […]
The week ending November 18, 2022
Items that may educate or interest only me …. Thanks to higher interest rates and slowing revenues, many companies are starting to feel the pinch of inflation. Higher interest rates are causing consumers to cutback, and even target what they purchase. According to Howard Marks, of Oaktree Capital, the combination of inflation and higher interest […]