The September 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, U.S. and international financial market trends.
Highlights
"Support from U.S. consumers might fade—but not government spending."
—RBC Financial Markets Monthly
- Softening U.S. labour market and lower inflation leave the Fed on track to begin an easing cycle in September.
- Following a third consecutive rate cut in September, additional BoC cuts of 25 bps are anticipated until the overnight rate reaches 3%.
- The German economy continues to underperform relative to other countries in the Euro area and the U.K.
- A gradual and shallow easing cycle is forecast for both BoE and ECB.
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