United States
December PCE inflation was in line with expectations, with headline inflation at 0.3% m/m (2.6% y/y) and core at 0.2% m/m (2.8% y/y). The Q4 employment cost index also came in line with expectations at 0.9% q/q. Inflation is currently running below the Fed’s…
Our colleagues from The Bank Credit Analyst revisited the outlook for Canadian stocks after they outperformed global ex-US stocks in late 2024. The outperformance was driven by financials and tech. While Canadian tech gains were stock-specific,…
Our Chart Of The Week comes from Arthur Budaghyan, Chief Strategist of our Emerging Markets and China Investment Strategy services. Arthur highlights an important dichotomy in the US stock-bond yield correlation. In the past 12 months, US growth stocks…
Core PCE inflation came in soft this morning and is tracking well below the Fed’s 2025 forecast. We highlight three upside risks to inflation and preview next week’s employment report.
This week, our three screeners explore global small-cap value stocks, European equities, and BCA’s nuclear energy themed equity baskets.
Advanced Q4 US GDP missed estimates, slowing down to 2.3% quarterly annualized growth from 3.1%. The weakness was however driven by inventories. Consumer spending beat estimates and accelerated to 4.2% from 3.7% in Q3. Growth is still above trend as the US…
The Federal Reserve kept rates on hold in its 4.25%-to-4.5% range, as expected. The main change in the statement was the removal of the reference to progress towards the Fed’s 2% target, leaving instead a simple mention that inflation “remains somewhat…
Jay Powell didn’t say much at this afternoon’s FOMC press conference, and monetary policy will continue to take a back seat to fiscal for the next few months.
Vous êtes cordialement invité(e) à rejoindre Jérémie Peloso pour un webcast présenté en français le mercredi 29 janvier à 10:00 AM EST (3:00 PM GMT, 4:00 PM CET).
Our Geopolitical Strategy team modeled several of the Trump administration’s most disruptive policies in a simple game theory framework. The Trump administration’s policies have created a complex web of trade and foreign negotiations, increasing…