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Financial panoramaThe Fed, inflation and a new variant
Jerome Powell was reappointed as head of the U.S. Federal Reserve (Fed), which was viewed positively by the markets. The markets reacted negatively, however, to Mr. Powell’s statement that inflation is no longer transitory, as well as to the emergence of the Omicron variant in many parts of the world.
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Financial panoramaThe evolving meaning of “transitory”
During October, signs of inflation intensified. Where things get a bit sticky, however, is the duration implied by the word "transitory."
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Financial panoramaThe Fed changes course
The Fed is expected to reduce its monthly bond purchases in November: at least that’s what came out of the Jackson Hole meeting in September.
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Financial panoramaWaiting for JacksonHole
Part of August passed in anticipation of the speech by U.S. Federal Reserve Chairman Jerome Powell, which was due to take place at the Fed’s meeting in Jackson Hole, Wyoming. This communication was to disclose the Fed’s intentions regarding the reduction of its bond purchases.
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Financial panoramaThe recovery continues
The Canadian and U.S. stock markets are at record levels. Companies have started reporting their results for the second quarter of 2021 and they are very encouraging. Overall, sales and profits are exceeding expectations, and the market has revised upwards earnings forecasts for the next few quarters.
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Financial panoramaThe Fed continues to surprise
The key event in June was certainly the meeting of the U.S. Federal Reserve (Fed). As expected, no rate hike was announced, but the forecast now includes a planned increase in 2023, which is sooner than expected.
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DialogueDialogue – June 2021 Edition
The professionals’ newsletter. In the news: fdp, a private management firm like no other; Our Team: fdp on the Board of the Institut québécois de planification financière (IQPF); Finance and investment: Our new fdp Perspective Private Portfolio, and more!
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Financial and estate planning, Focus on Finance Expressfdp, a private management firm like no other
As we are now reaching mid-year, it seemed appropriate to take a timeout to observe and analyze the direction that the various financial markets could take.
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Financial panoramaInflation: temporary or sustained rise?
The rise in the Consumer Price Index and the Producer Price Index in the United States came as a big surprise, exceeding expectations and even outpacing inflation indicators.
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Financial panoramaStrong economic growth
The United States is experiencing a significant economic recovery, boosted by the success of the vaccination campaign and consumer confidence. Inflation remains stable, as does the U.S. Federal Reserve’s key rate.