The Daily Chase: Investors digest U.S. Fed talk; Fixing Canada's housing affordability

Investors are still trying to make sense of how far the U.S. Federal Reserve will go in its fight against inflation.

We’ll point out here that we’re speaking with San Francisco Federal Reserve executive vice-president and director of research Sylvain Leduc, who was previously deputy governor at the Bank of Canada, at 4:40 p.m. ET.  

TACKLING HOUSING AFFORDABILITY

We have a clear takeaway from our online traffic: there’s a lot of pent-up demand for the First Home Savings Account. That’s the new registered plan that the feds unveiled in the last budget, and which is attracting more interest these days after the finance department recently unveiled draft legislative proposals. If you missed it, check out our primer here. We’ll dive deeper into the affordability theme with National Bank chief economist and strategist Stéfane Marion shortly after 1 p.m. ET. And before that, we’ll catch up with Mike Moffatt from the Smart Prosperity Institute — he has some doubts about the Ontario government’s home-building goals.