In today’s post I imagine what BoC Governor Macklem and US Fed Chair Powell might say if you gave them a chance to offer unvarnished assessments of our current conditions.
Today's post covers CDN jobs, US inflation, and the contrarian case for inflation and interest rates falling back more quickly than most forecasts predict.
Last week’s US inflation data offered a glimmer of hope that US inflation may finally have peaked (and that would be good news for Canadian mortgage rates).
The five-year GoC bond yield that our five-year fixed mortgage rates are priced on has risen by 20 basis points over the last two weeks. Where will it go from here?
The Bank of Canada (BoC) and the bond market were in a stand off over where inflation and interest rates are headed. Until last week, when the BoC blinked.
This week the federal government will release its budget, the BoC will issue latest policy statement, and Stats Can will provide our latest inflation data. Whew!