Issue 23 – The Cornwall Consensus and Central Banks’ Independence

A Snapshot of the Market for the Week Ended June 11, 2021:

Two hotly anticipated reports, one on employment and another on inflation, arrived this week and confirmed what every investor knew: job openings and inflation are rising. Both measures beat expectations by a mile.

Firstly, job openings climbed one million in April to 9.3 million, the highest since records began in 2000. Meanwhile weekly jobless claims declined by 9,000 to 376,000 and remained below 400,000 claims for a second straight week.


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By Hubert Marleau

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By Hubert Marleau

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