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Weekly Economic & Financial Commentary: No Rate Hikes Yet, but Next Week’s FOMC Meeting Should Set the Table
#OPINIONLEADER# United States: The Housing Market Closes Out a Strong Year The state of the housing market was the predominant theme in what was otherwise a quiet week for economic data. Mounting inflation concerns and ongoing supply chain disruptions weighed on homebuilder confidence
Weekly Focus – All Eyes on Fed
#OPINIONLEADER# Risk sentiment remained on the back foot this week, with market focus centring on a continued rise in global yields. US 10Y Treasury yields closed in on 1.9% – up 35bp since the start of the year – reflecting expectations for faster monetary tightening in the US. Marke
Canadian Dollar Calm ahead of Retail Sales
#OPINIONLEADER# The Canadian dollar continues to tread in choppy waters, as it trades slightly above the symbolic 1.25 line. The week will wrap up with Canada releasing retail sales, the primary gauge of consumer spending. For November, the headline reading is expected to slow to 1.2%
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