As I mentioned earlier this month [link to Sept 6], September usually gets a bad rap as one of the toughest months for stocks. But this year? It has been a pleasant surprise! Thanks to anticipation around the US Federal Reserve’s (Fed) first rate cut since the COVID-19 pandemic began in March 2020, the market’s mood shifted. Add in the Bank of Canada’s (BoC) third rate cut in three months, and it has been a win for Canadian investors too. It seems like both central banks feel they are finally winning the inflation battle—if it is not already won.
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Weekly Update for the week ending September 20, 2024
Connecting the Dots II: US Economic Data and Fed Policy
Last week, I talked about how Canadian economic reports connect [link to sept. 13] and impact Bank of Canada (BoC) decisions, which in turn affect investors. This week, I will dive into the American economic reports, exploring how the US Federal Reserve (Fed) uses data to shape interest rates, and what that means for us Canadian investors.
Weekly Update for the week ending August 4, 2023
tems that may only interest or educate me ….
Canadian Economic news, US employment news, US credit rating surprise … topic n,
Over the last 30 years, August and September have been the worst two months for the markets, according to Bloomberg News. Will August be a reality check after the bullish June and July or more room for the bulls to run? Based on this past week, so far it seems to be a reality check. Let us hope this week was just a pothole on the upward path the markets have been on for the last few months.