CIBC Capital Markets’ Post

Hear from our Chief Economist on what to expect in the near term for the Canadian economy. Now is a great time to review your interest rate strategy!

Uncovering key insights from the recent 'US & Canada Macro Outlook 2024' report by Jones Lang LaSalle. Key themes include a forecasted build in economic momentum as the year progresses, inflation trending downward yet retaining some upward price pressures, and interest rates' downward trajectory. Browse the report for a more detailed analysis. #EconomicOutlook #JLL #MacroTrends #CRE

🔍 Exploring Reflation in the U.S. Economy As we navigate through 2024, the term "reflation" has become increasingly relevant to our economic conversations. Reflation occurs when policymakers use monetary and fiscal measures to expand economic output and curb deflation, typically following a period of economic slowdown. In the U.S., this strategy might be seen in various forms, such as interest rate adjustments by the Federal Reserve. In light of these developments, it's essential to consider the potential impacts on various sectors and how businesses can strategically position themselves for the evolving economic landscape. Interestingly, at the 2024 Canadian Reinsurance Conference in Toronto earlier this April, I had the privilege of engaging with Sal Guatieri, Senior Economist at BMO, during the main session presentation. I exchanged ideas with Sal on the Fed's potential rate cuts for the year. Sal’s insights were enlightening, emphasizing the delicate balance the Fed aims to achieve between fostering economic growth and managing inflation pressures. As professionals, staying informed and adaptable is key. I'd love to hear your thoughts on how reflation might influence our industry and strategies moving forward. #Economy #FederalReserve #Reflation #InterestRates #FinanceProfessionals #Canadianreinsuranceconference #Q_PERIOR #Wavestone

Inflation is subsiding, interest rates are being lowered, and the economy is as dynamic as ever. Join us at the International Sweetener Colloquium to hear Scott Colbert, CFA with Commerce Trust explain the current U.S. economy, possible impacts from global events, and where the economy and financial markets are headed. Register now to learn more: https://lnkd.in/ehdxSND

Overview of global markets and outlook for the economy.

Overview of global markets and outlook for the economy.

Credit to Niccolo Conte with Dorothy Neufeld (Article/Editing) and Sabrina Lam (Graphics/Design) may 1, 2024 Visualizing Interest Rate Forecasts Across Advanced Economies https://lnkd.in/gVUW5n8R While U.S. inflation cooled in the second half of last year, price pressures returned in 2024, leading investors to rethink how soon central bankers will cut rates. Despite the recent increase, the interest rate forecast for many economies looks optimistic, thanks to subdued energy price shocks and abating supply chain disruptions. Still, short-term risks remain, including persistently high services inflation clouding the outlook. Like the U.S., the European Central Bank is forecast to cut rates in the second quarter of 2024, with rates set to fall to 2.6% by 2026. While inflation has cooled at a faster rate across Europe compared to the U.S., GDP growth is also projected to be more muted. This year, the IMF projects that GDP across the euro area will increase just 0.8% versus 2.7% for the U.S. economy. In the UK, monetary easing is projected to move more gradually, with the first cut projected for the third quarter of this year. Growth across the UK economy is projected to be tepid for 2024, weighed down by the impact of higher rates, lower productivity, and sluggish investment growth. After years of enduring negative interest rates, Japan raised its short-term policy rate to 0.0-0.1% in March 2024. This was due in part to a promising inflation outlook over the coming years. The IMF projects that the next rate hike will take place in the fourth quarter of 2024, as it moves away from a multi-decade battle with deflation.

Overview of global markets and outlook for the economy.

Overview of global markets and outlook for the economy.

Overview of global markets and outlook for the economy.