Canada Rapid Response Canada International Trade (Nov 2025) Exports volumes in November are not as bad as first appears, and probably would have risen if not for a plunge in volatile gold exports. Meanwhile, we continue to see tentative signs of Canada... 29th January 2026 · 2 mins read
BoE Watch BoE’s wage worries to cement slower pace of rate cuts While leaving interest rates at 3.75% at the policy meeting on Thursday 5th February, the Bank of England will probably hint that the next rate cut isn’t imminent and imply that rates may not fall... 29th January 2026 · 6 mins read
US Economics Update Fed sticks to loosening bias despite stronger activity data The change to the FOMC’s policy statement, acknowledging the recent solid pace of GDP growth and stabilisation in the unemployment rate, is another sign that the Fed is unlikely to cut interest rates... 28th January 2026 · 3 mins read
US Rapid Response US Fed Policy Announcement (Jan 2026) The change to the FOMC’s policy statement, acknowledging the recent solid pace of GDP growth and stabilisation in the unemployment rate, is further evidence that the Fed is unlikely to cut interest... 28th January 2026 · 2 mins read
Canada Economics Update Bank in holding pattern awaiting CUSMA renegotiation The Bank of Canada’s largely-unchanged economic projections are similar to our own, although we think the slow pace of economic growth this year will help ease core price pressures sooner than... 28th January 2026 · 3 mins read
US Economics Update Official population projections may not be low enough US population growth is expected to slow to only 0.2% y/y this year, matching the record low. Yet the risks to the official forecasts arguably lie to the downside, with a modest fall in the population... 28th January 2026 · 5 mins read
Canada Rapid Response Bank of Canada Policy Announcement (Jan 2026) The Bank of Canada’s largely-unchanged economic projections are similar to our own, although we think the slow pace of economic growth this year will help ease core price pressures sooner than... 28th January 2026 · 3 mins read
UK Economics Update Lessons from the past and key UK fiscal policy risks for 2026 We expect the budget deficit to halve over the next three years and reach a 24-year low in 2030/31. But the risk of it overshooting our forecast over the next few years has grown. That could happen if... 28th January 2026 · 3 mins read
RBA Watch RBA will hike rates in February and May The ongoing persistence in underlying inflation will persuade the Reserve Bank of Australia to reverse course on rate cuts. We expect the Bank to raise rates by 25bp at its meeting next week, followed... 28th January 2026 · 7 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q4 2025) The sharper-than-expected rise in underlying inflation makes it all but certain that the Reserve Bank of Australia will raise interest rates at its meeting next week. 28th January 2026 · 2 mins read
UK Housing Market Update Cap on ground rents unlikely to bring flats back into favour The £250 a year cap on ground rent charges announced by the Prime Minister on Tuesday will lower the running costs for some owner-occupiers and private landlords of leasehold homes, particularly flats... 27th January 2026 · 3 mins read
US Housing Market Rapid Response US Case-Shiller/ FHFA House Prices (Nov 2025) The solid 0.5% rise in house prices in November builds on October’s upwardly-revised 0.4% rise, and we expect further price acceleration in the months ahead as a pick-up in demand meets nagging... 27th January 2026 · 2 mins read
US Rapid Response US Durable Goods Orders (Nov 2025) A jump in Boeing orders was the main driver of higher durable goods orders in November, although core (ex. transport) orders still performed decently. Most importantly, another rise in underlying... 26th January 2026 · 2 mins read
UK Housing Market Outlook Looser lending standards to boost activity and prices Despite the recent increase in the supply of homes on the market, we think the combination of looser lending standards, further falls in mortgage rates and decent wage growth will allow housing... 26th January 2026 · 17 mins read
Canada Economics Weekly Business sentiment improving While we still expect that GDP will end the year on a softer note, the latest retail sales data suggest the economy performed a bit better than we thought a week ago, and the latest business surveys... 23rd January 2026 · 6 mins read
Capital Daily What could the BoJ do to help the JGB market? While today’s BoJ meeting was fairly uneventful, with no big impact on Japanese financial markets besides some significant volatility in the yen during Governor Ueda’s press conference, that may not... 23rd January 2026 · 5 mins read
