Ali Jaffery

In this insightful discussion, Ali Jaffery, a Senior Economist at CIBC, shares his expertise on the Bank of Canada's monetary policy. He explains how to interpret the current easing cycle and what it means for interest rates. Jaffery dives into the Bank's inflation risks, highlighting the need for rate relief in an economy grappling with excess supply. He also provides an economic outlook for Canada and the U.S., emphasizing the importance of accurate data for forecasting. Tune in for a deep dive into Canada’s economic future!

Ali Jaffery, a senior economist at CIBC, shares his insights into the economic trajectories of the U.S. and Canada. He discusses the implications of recent employment data and the uncertainty created by trade tariffs. The conversation delves into potential recession risks and how the Federal Reserve might adjust interest rates. Jaffery highlights the challenges of growth and productivity caused by tariffs, emphasizing the need for innovation to navigate the evolving economic landscape.

Paul Beaudry, Professor of Economics at UBC and former Deputy Governor of the Bank of Canada, shares insights on recent Fed interest rate cuts and what strong job reports mean for upcoming meetings. Ali Jaffery, a Senior economist at CIBC, discusses the implications of rising energy prices for the Bank of Canada. The conversation also covers the potential effects of the U.S. elections on interest rates and Canada's economy, alongside the balance sheet management and its influence on liquidity. Dive into the dynamic interplay of policy and market forces!

CIBC’s Senior Economist, Ali Jaffery, joins Ian to discuss the upcoming Bank of Canada interest rate decision. They explore forecast changes, the possibility of shifting to forward guidance, impact of a 2025 trade war on global growth, and reasons for recent CORRA dislocations. They also analyze market expectations, divergence between KORA and target rates, US economic outlook, inflation dynamics, and fiscal policy implications.

This podcast delves into the diverging macroeconomic events of the week, discussing central bank rate hikes and cuts. They explore the linear macro story across developed markets and the implications for the bond market. The hosts analyze the yield curve dynamics, predicting a trend of steepening. The episode also explores the recent BoC speech on balance sheet normalization and speculates on the timing of the first rate cut.