-
Dissent Statement by Jeff Schmid
In my view not much has changed since the previous meeting of the Federal Open Market Committee just six weeks ago. The government has reopened and the flow of official data, though still incomplete, is slowly picking up. However, based on the data we do have and conversations with contacts in my district, I have not fundamentally changed my views on the economy relative to October. Inflation remains too high, the economy shows continued momentum, and the labor market—though cooling—remains largely in balance. I view the current stance of monetary policy as being only modestly, if at all, restrictive. With this ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From statcan.gc.ca|Dec 12, 2025Canadian industries operated at 78.5% of their production capacity in the third quarter. This is an increase from 77.6% in the second quarter, which was revised downward by 1.7 ...
From statcan.gc.ca|Dec 12, 2025Sales by Canadian wholesalers (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) rose 0.1% to $86.0 billion in October. Sales rose in four of ...
From fxstreet.com|Dec 12, 2025Gold (XAU/USD) extends its advance on Friday as expectations build for further monetary policy easing by the Federal Reserve (Fed) after this week’s interest rate cut. At the time ...
-
- Newer Stories
From @financialjuice|Dec 12, 2025|1 commentFed's Goolsbee: To have both low hiring and low firing does not suggest a cyclical downturn. Fed's Goolsbee: I am not hawkish on rates for next year. Fed's Goolsbee: I'm one of the most optimistic folks in the dot plot. Fed's Goolsbee: There is nothing wrong with the argument that inflation will fall next year, but we need to be more certain. *GOOLSBEE: I'M PROJECTING MORE RATE CUTS THAN MEDIAN FOR 2026
From @financialjuice|Dec 12, 2025|1 commentFed's Hammack: The labour market has been gradually cooling, but inflation is above target. FED'S HAMMACK SAYS BALANCING BOTH SIDES OF FED MANDATE IS CHALLENGING Fed's Hammack: There is a wide range of alternative data on the job market. FED'S HAMMACK SAYS LACK OF DATA MAKES READING INFLATION HARDER TO DO FED'S HAMMACK SAYS NOVEL THAT A FED GOVERNOR RETAINED A CONNECTION TO WHITE HOUSE
From @financialjuice|Dec 12, 2025Fed's Goolsbee: I don't think the Fed is preparing for an onslaught from Trump. GOOLSBEE SAYS VOTE TO REAPPOINT FED REGIONAL PRESIDENTS TOOK PLACE ON A NORMAL SCHEDULE BUT WAS ANNOUNCED EARLIER Fed's goolsbee: The restart of the Fed security purchases is technical to assure rate control. Fed's Goolsbee: If reserves are not ample, we can't set rates where we want.
- Story Stats
- Dec 12, 2025 7:34am Posted by
Low Impact
Breaking
2,916 - Linked events:
