Markets and Economy
When doves yell: Fed loudly signals a September rate cut
Minutes from the July FOMC meeting were surprisingly dovish, and Federal Reserve Chair Jay Powell suggested a likely policy shift in comments from Jackson Hole.
A presidential candidate convicted on 34 charges. An assassination attempt that left a former president bloodied but defiant. And a sitting president who pulled out of his reelection race after a disastrous debate performance. Any one of these events could have easily been the defining moment of an election. But in 2024, all that — and more — happened in the span of just 52 days.
Voters, party leaders, and down-ballot candidates have had to quickly shift gears from a Trump-Biden rematch to a Trump-Harris showdown. What are polls telling us about the new shape of the race? We highlight some early data from the key battleground states, but as we’ve so clearly seen over the past several weeks, things can change in the blink of an eye.
Read our latest Washington Newsletter.
When doves yell: Fed loudly signals a September rate cut
Minutes from the July FOMC meeting were surprisingly dovish, and Federal Reserve Chair Jay Powell suggested a likely policy shift in comments from Jackson Hole.
Above the Noise: Calm after the storm
Here’s what investors need to know in the aftermath of the early August global market sell-off and before the home stretch of a historic US presidential campaign.
Reversal of fortune
After the sharp decline bottomed on August 5, new data drove a strong US and global stock rally for one of the best weeks this year. We still believe the US will avoid a recession.
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Some references are US specific and may not apply to Canada.
The opinions referenced above are those of the author as of August 14, 2024. These comments should not be construed as recommendations, but as an illustration of broader themes. Forward-looking statements are not guarantees of future results. They involve risks, uncertainties, and assumptions; there can be no assurance that actual results will not differ materially from expectations.
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