The Daily Chase: Waiting on the Fed; Loblaw reports earnings
BNN Bloomberg
There are some signs of life in the Toronto real estate market as the transitional spring selling season gets underway.
MARKETS AWAIT THE FED
It’s looking like a muted open to today’s trade as we await the latest decision out of the U.S. Federal Reserve. Not a huge surprise – don’t fight the fed and all – as we’re expecting another quarter point hike today. As always, it’s less the decision itself and more the commentary Jay Powell delivers, given that the Fed is largely considered done with this hiking cycle after today, but inflation remains a constant concern. There’s also the regional bank aspect – with First Republic’s failure, there’s plenty of intrigue over how Powell & Co. are viewing the structural integrity of the financial system.
LOBLAW MEETS EXPECTATIONS, DOWNPLAYS FOOD INFLATION
