Skip to main content

Featured

5 Things to Know Today: US CPI, BoC Minutes, Oil Below US$90 (Nov. 10)

  Tuesday, November 10, 2026. U.S. inflation data, Bank of Canada minutes and a sharp slide in oil headline your morning. Here is what matters for your wallet. 1. US inflation report lands at 8:30 a.m. ET Economists expect October U.S. consumer prices to rise 0.3% from September, slower than the 0.6% jump the month before, with core prices up 0.2%. There will be no annual rate this time because last year's government shutdown left a gap in the October 2025 data. Strong U.S. jobs numbers on Friday have already pushed the odds of a Fed rate hike on December 9 above 65%. What it means for you: U.S. rate expectations move Canadian bond yields, which set fixed mortgage rates, and they swing the loonie. A hot reading could push yields higher; a cool one could give borrowers a little breathing room. 2. Bank of Canada releases its rate-hike minutes at 1:30 p.m. ET The central bank publishes its summary of deliberations on the October 28 decision, when it raised its policy rate by a qua...
Post a Comment
Read more

article

Labels

Wall Street Eyes Labor Market Data and Powell’s Testimony

 

Wall Street drifted modestly lower before the opening bell on Monday, with investors focusing their attention on a trove of labor market data and Federal Reserve Chair Jerome Powell’s upcoming appearances before Congress.

Here are the key points driving today’s market sentiment:

  1. Labor Market Data: This week, investors eagerly await several labor market reports. On Wednesday, the job openings and labor turnover report will provide insights into employment trends. Additionally, the more comprehensive February jobs report, due on Friday, will shed light on the health of the U.S. job market.

  2. Powell’s Testimony: Federal Reserve Chair Jerome Powell is set to make his semi-annual appearance before the House on Wednesday, followed by testimony to the Senate on Thursday. Investors will closely monitor his remarks for any signals regarding the timing of a highly-anticipated round of interest rate cuts. The Fed has already raised its main interest rate to the highest level since 2001 in an effort to combat surging inflation following the COVID-19 recession of 2020. Powell’s statements may provide clarity on whether further rate cuts are imminent.

  3. Inflation and Economic Strength: Despite the Fed’s hawkish stance, unexpectedly strong economic data has pushed back market expectations for rate cuts from March to June. The central bank’s decision will likely hinge on inflation trends. If inflation continues to retreat toward the Fed’s 2% target, rate cuts may be on the horizon.

  4. Market Reaction: Futures for the S&P 500 slipped 0.1% before the bell, while futures for the Dow Jones Industrial Average lost 0.3%. Investors remain cautious as they await Powell’s insights and assess the impact of labor market developments.

In summary, Wall Street’s attention is squarely on labor market indicators and Powell’s testimony this week. As the economy continues to recover, investors are keenly watching for signals that could shape monetary policy decisions in the coming months.


Labels:

Comments

Post a Comment