The Atlanta Fed's macroblog provides commentary and analysis on economic topics including monetary policy, macroeconomic developments, inflation, labor economics, and financial issues.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
December 07, 2005
Doves Land At The Bank Of Canada?
Canada's government bonds rose and the Canadian dollar fell from a 13-year high after the Bank of Canada lifted the overnight rate by a quarter-percentage point to 3.25 percent and said inflation is slowing.
Yields on Canada's benchmark two-year government bond dropped from the two and a half-year high reached yesterday as traders trimmed bets on rate increases.
That, I think, makes them the first major central bank to officially un-sound the inflation alarm. From the Bank's official statement, via Reuters:
Total CPI inflation, at 2.6 per cent in October, has come down more quickly than expected, primarily reflecting a rapid decline in gasoline prices. Core inflation, at 1.7 per cent in October, is in line with the Bank's projection.
Not everyone, however, is convinced that this means a reversal of the basic program. From the National Post:
While all thoughts of a possible 50-basis-point hike from the Bank of Canada may have been banished, [Craig Wright, chief economist at Royal Bank of Canada] does think the bank may have to raise rates over a longer time period than expected. "When the Fed started their tightening cycle, people were looking at 4.0% or 4.25%; now that we're there, people say there is more to come," Mr. Wright said.
TrackBack URL for this entry:
Listed below are links to blogs that reference Doves Land At The Bank Of Canada? :
- When Health Insurance and Its Financial Cushion Disappear
- What Is the "Right" Policy Rate?
- Is Poor Health Hindering Economic Growth?
- Behind the Increase in Prime-Age Labor Force Participation
- An Update on Labor Force Participation
- Another Look at the Wage Growth Tracker's Cyclicality
- GDPNow's Second Quarter Forecast: Is It Too High?
- Are Small Loans Hard to Find? Evidence from the Federal Reserve Banks' Small Business Survey
- Slide into the Economic Driver's Seat with the Labor Market Sliders
- The Fed’s Inflation Goal: What Does the Public Know?
- September 2017
- August 2017
- July 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit
- Wage Growth