Allison Boxer
The Federal Reserve cited increasing risks to the U.S. labor market as a reason to ease monetary policy.
We believe the Canadian bond market is overemphasizing inflation risk from U.S. tariffs, presenting an opportunity in high quality bonds.
The Federal Reserve offered little guidance on the outlook at its July meeting, striking a somewhat hawkish tone.
We expect the Fed will resume gradual interest rate cuts later this year, depending on U.S. labor market trends.
Fed officials remain patient, likely awaiting hard evidence of a weaker U.S. labor market before considering rate cuts.
Mounting risks to growth and inflation have the Federal Reserve taking a cautious approach to monetary policy.
Facing an uncertain outlook, the Federal Reserve holds rates steady and signals a watch-and-wait approach.
Macroeconomic uncertainties prompted the Federal Reserve to signal a slower pace of policy rate cuts in 2025 and beyond.
Recent economic data support the Federal Reserve’s meeting-by-meeting approach to rate cuts.
We believe the Fed is on a path to continue to cut rates over the next several meetings to realign monetary policy with a now more “normal” U.S. economy.
The central bank’s latest policy statement and Chair Jerome Powell’s remarks suggest that an initial interest rate cut could come as soon as September.
A second straight month of encouraging U.S. core CPI data supports an initial Federal Reserve rate cut as early as September.