Holes in the case for a September Fed hike
Aug 21, 2015 17:12 pm UTC| Commentary Central Banks
The constellation of adverse news from China continues to provide ample fuel for the risk-off theme in global markets. Augusts Chinese manufacturing PMI fell to its weakest reading since 2009. Meanwhile, the renewed...
Fed outlook: further delay is likely
Aug 21, 2015 16:53 pm UTC| Commentary Central Banks
The probability of a September hike in the fed funds rate has slipped below 50%. With the global growth outlook worsening and the dollar rising, a September hike could exacerbate declining risk appetite. Furthermore,...
Canadian retail sales surprise again, rising above expectations in June
Aug 21, 2015 16:36 pm UTC| Commentary
Canadian retail sales rose 0.6 % (m/m) in June, following a downwardly revised increase of 0.9% last month, beating market expectations of a 0.2% increase. However, when stripping away prices, retail sales volumes (0.0%)...
US Markit flash manufacturing PMI edged lower in August
Aug 21, 2015 15:59 pm UTC| Commentary
The US Markit manufacturing PMI fell modestly to 52.9 in the August flash estimate, against consensus expectations for an unchanged reading of 53.8. The details of the survey show modest decline in output (53.7, previous:...
Mexico retail sales-strong pace but a deceleration is in sight
Aug 21, 2015 15:55 pm UTC| Commentary
Mexicos retail sales increased 1.1% m/m sa in June as a result of incremental gains in healthcare, food, domestic equipment, car and apparel sales. Only hardware and superstore sales posted monthly declines. These data...
Uncertainty set to keep Fed's finger off the trigger in September
Aug 21, 2015 15:28 pm UTC| Commentary Central Banks
Although domestic economic data is moving in the right direction, the increased uncertainty on global growth and inflation over the past month is likely to keep the Fed off the trigger at the September FOMC meeting. We...
Canadian inflation up slightly in July
Aug 21, 2015 15:18 pm UTC| Commentary
Canadian consumer prices, as measured by the consumer price index (CPI), rose 1.3% year-on-year in July, after gaining 1.0% in June. Core inflation (excluding the eight most volatile components) was up 2.4% relative to...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned