Here are five things you need to know this morning.
After three weeks, Child One finally slept through the night last night. However, in my life of whack-a-mole, Child Three was up all night with a cough. You’ve probably noticed you almost never hear complaints about Child Two. The classic middle child is basically raising herself, my little self-cleaning oven. Anyway, if I don’t seem to have my usual sunny disposition, chalk it up to lack of sleep.
Last time they suggested about 100 basis points of rate cuts by the end of 2024. Will the rally in oil prices change that view? Will they signal another rate hike is in the offing? How are they thinking about the auto strike? About a possible government shutdown? About student loan payments restarting? There is lots to watch for in the press conference. The Bank of Canada will attempt to front run all of this, releasing the minutes from their last interest rate decision at 1:30 p.m. EDT.
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