What’s happening on the markets? Which major trends are emerging? To help you better understand the issues and keep abreast of the news, the Financial offers you its Financial Panorama.
Prepared by our investment team,the Financial Panorama presents a comprehensive monthly overview of the key developments that are likely to affect the markets.
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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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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.