The BoE took it easy today, announcing an unchanged Bank Rate at 5.00%, while sticking to a limited to non-existent forward guidance approach, and repeating a £100bn/annum balance sheet reduction plan ...

The Federal Reserve delivered an emergency rate cut of 50bps to a new upper limit of the fed funds target range of 5% in a non-emergency setting unlike the last two times they went big to start (chart ...

Global yields are drifting slightly higher through overnight markets that were clear of major developments. The couple of data releases that we got—UK CPI in line and weak Japanese exports and imports ...

Game day has finally arrived. It’s Fed day and with it a seminal moment for US monetary policy that begins the easing process after all that we’ve been through over recent years. Except the occasion ...

CDN CPI m/m % NSA // y/y %, August: Actual: -0.2 / 2.0 Scotia: 0.0 / 2.1 Consensus: 0.0 / 2.1 Prior: 0.4 / 2.5 Upsizing on the back of this data would be a policy misstep in my view. That’s because ...

Canadian CPI and US retail sales will compete for attention at the same time this morning. Overnight developments were light. Canada’s ruling Liberals lost both by-elections last night. I’ve ...

Canadian auto sales fell 1.7% month-over-month to 1.73 mn units at a seasonally adjusted annualized rate (SAAR) in August according to Wards Automotive (chart 1). Vehicle sales in July were 1.76 mn ...

On Monday, September 16 th, the National Institute of Statistics (DANE) published the manufacturing production and retail sales data for July 2024. Manufacturing production increased 2.0% compared to ...

Essentially no change in market conditions from July to August for the national resale market. National housing sales increased 1.3% over this period (on a seasonally adjusted basis) while new ...

Canadian politics and BoC speak are in focus this morning amid an otherwise light global calendar to start a packed week. Fed market pricing for this week’s meeting has increased absent any weekend ...

Thin Asia trading with Japan and China closed for business followed by an uneventful European morning, with no data and few headlines, has given markets little to move on aside from FT and WSJ pieces ...

A packed week that is sure to trigger substantial global market volatility lies ahead. A major wave of global central bank decisions will be led by the Federal Reserve, the Bank of Japan, the PBOC, ...