![]() The recent uptick in employment and spending data complicate this. Over at TD, the economists put it this way: “A slowing in economic momentum will be needed for inflation to decisively fall back towards the 1% to 3% target range. “Even the short-term metrics on core inflation are getting into a much more manageable zone, which should soon trim the annual rates from their 5% perch.” “Today’s CPI represents a rare downside surprise in both headline and core inflation, clearly a big step in the right direction,” says BMO Economics. How can this Tiff-the-evil meme continue to have legs? If conditions continue, it’s what we can expect. Even the real estate market has chilled, but not capitulated. The economy is cooling enough to trim the rate of inflation without crashing employment or business investment. The 425 beeps of interest rate increases Macklem ushered in since last March are doing the job. So this month Canadian rates will stay unchanged. Lots of new jobs there, too, with the Fed sounding hawkish. In the US core inflation is still strong and last week the PPI (producer price index) showed more pressure coming. Second, we’re doing better than the Yanks, for once. Wages have been rising for months on end, along with retail sales and the household savings rate. Our unemployment rate is the lowest in half a century, clearly showing business confidence as hiring ramps up. The labour market has been on fire, with ten times the job creation lately that anyone expected. The number is impressive for a few reasons. Macklem says we’ll have a 3-something rate by later this year. Down was energy, a bunch of services, cars. Up were food (a lot, like 12%) plus mortgage interest (the greatest surge since 1982 – 21%). So what had an 8-handle a few months ago now has one in the 5s. Now at 5.9% (annualized, January) it just sank below economists’ expectations and was a healthy plop from December. Here’s the news, then what it means: the rate of inflation is declining. These days everyone needs someone to blame. He’s the current favoured straw man for people who can’t afford houses – plus politicians who want power – to beat on. ![]() ![]() Poor Tiff Macklem, the dude running our CB, has been sliced, diced and eviscerated on this blog and in the political circus. Information can be provided by visiting the Cheshire Constabulary website or by calling 101.It’s a dangerous thing when people stray out of their lane. "If you believe you may have been a victim of this type of crime and have information that could help with the investigation please report it to police." "While we review CCTV footage to identify this man I want to remind people to be aware of who may be around them, or might start engaging in conversation with them, and to report any suspicious looking behaviour. Seargeant Andrew Davies, of Cheshire Police, said: "We have received numerous reports of a man targeting vulnerable people at cash machines in an attempt to confuse and distract them by saying the ATM isn’t working in order to steal their bank card or money. This made the person confused and distracted, giving the man an opportunity to steal the bank card or cash.Ĭheshire Police have warned that cash machine users "be aware of who is around them" when using one of the machines. ![]() The man then told the cash machine user the machine isn't working, and said to press various buttons. READ MORE: The estate rocked by a year of crime where houses are still sold 'instantly' They reported at around 10.30am, a person using a Tesco cash machine in Helsby was approached by a man from behind, who began to engage them in conversation. Similar incidents have also taken place in Helsby, just outside of Ellesmere Port, and in Chester. Police have warned people to stay "vigilant" when using a cash machine, after seeing ATM users targetted by criminals.Ĭheshire Police issued the warning after recieving reports of attempted thefts at cash machines in Warrington and Runcorn. ![]()
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