The Week Ahead

This report argues that the Federal Reserve's dot plot is an unreliable forecasting tool that should be discontinued. It also provides economic outlooks for Canada and the US, including upcoming GDP and employment data releases.

Key Takeaways

• 1.The Fed's 'dot plot' is an unreliable forecasting tool and should potentially be scrapped by the institution.
• 2.CIBC expects Canadian GDP to show a 0.4% gain for April, signaling a rebound after two negative quarters.
• 3.The US labour market remains at full employment, with CIBC forecasting 110K payroll gains for June.

Table of Contents

• Ditch the dots
• Week Ahead Calendar And Forecast—Canada
• Week Ahead Calendar And Forecast—United States
• Week Ahead's market call
• Week Ahead's key Canadian number: Gross domestic product—April
• Week Ahead's key US number: Employment situation—June

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial