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Market Wire, North America

11 Sep 2026

US inflation accelerates, setting stage for Fed hike

Underlying consumer price growth accelerated in the United States last month, strengthening the case for a rate hike at the Federal Reserve’s September meeting, and adding to the dollar’s upward momentum. According to data published by the Bureau of Labor Statistics this morning, the core consumer price index—with highly-volatile food and energy prices excluded—rose 0.3% in August, accelerating from a 0.2% rise in the prior month, and climbing 2.4% over the same period last year. The more-volatile all-items headline price measure climbed 0.4% from July as gasoline prices climbed, rising 3.4% in year-over-year terms. This combination topped the consensus estimates...

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04 Sep 2026

US jobs report smashes expectations, triggering dollar rebound

The US job creation engine accelerated dramatically last month, further bolstering the case for a rate hike at the Federal Reserve’s meeting later this month. According to the Bureau of Labor Statistics, 162,000 jobs were added in August—representing a massive overshoot relative to the 55,000-position consensus forecast—while the previous two months were revised down by a total -23,000 positions, bringing the three-month average pace of job creation up to 71,000, from 30,000 ahead of the update. Perhaps more crucially, the unemployment rate held at 4.1%, and average hourly earnings climbed 0.3% month-over-month, speeding up from the 0.1% pace set in...

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02 Sep 2026

Bank of Canada holds, emphasises upside price risks

The Bank of Canada left its policy settings unchanged this morning, while also adopting a somewhat surprisingly-optimistic view on the Canadian economy amid an intensifying trade conflict with the United States. Officials led by Governor Tiff Macklem maintained the policy rate at 2.25% for a seventh consecutive meeting after delivering nine cuts between June 2024 and September 2025. In the official statement setting out the decision, policymakers noted “demand for labour remains subdued and indicators point to continued excess supply in the economy” and warned that high uncertainty and “new US tariffs and threats of further action” could derail any...

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28 Aug 2026

Warsh warns inflation is still too high, lifting near-term rate expectations

Federal Reserve chair Kevin Warsh used his first Jackson Hole keynote address to warn that inflation is running too hot for comfort, firming expectations that the central bank could raise rates this autumn, and driving the dollar higher. In an address that subtly departed from market expectations for continued neutrality, Warsh said “I am impressed by the overall performance of the economy, which appears to have strengthened,” and noted that labour markets remain “quite stable,” but signalled that policy may not yet be restrictive enough given that inflation is still running above target. “While this summer’s PCE (personal consumption expenditures)...

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28 Aug 2026

Canadian economy steadies ahead of trade war escalation

The Canadian economy expanded at the fastest rate since 2023 in the second quarter, but showed signs of decelerating slightly into the third, helping reinforce expectations for a neutral message from the Bank of Canada next week. Numbers released by Statistics Canada this morning showed real gross domestic product growing at a 3.3-percent annualised pace in the three months ended June, matching market expectations and marking a solid rebound from the revised 0.3% expansion recorded in the previous quarter. Exports jumped at a quarter-over-quarter annualised 15.1% pace, business investment rose 12.3%, residential investment climbed 10.4%, and household consumption increased by...

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