Trimmed-mean inflation measure and its sibling median inflation gauge have both gotten unprecedented attention in recent months, owing to new Fed chairman Warsh's endorsement. But if they are so good, why wait for some Task Forces to evaluate it? Actually Canada can provide some experiences.
The Federal Reserve announced after the December meeting that it removed the aggregate limit on the Standing Repo Facility (SRF).
Repo rates spiked toward the end of the week, with SOFR and the Tri-party General Collateral rate (TGCR) reaching 4.12% and 4.08% on Friday, respectively, breaching the Federal Reserve's overnight interest rate target range.
Canada's unemployment rate dropped substantially and unexpectedly to 6.5% in November, from 6.9% in the prior month, showing signs of a much-needed resiliency in the North American economy.
