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The Daily Chase: Markets await Powell; Canadians showing financial strain


The Daily Chase: Markets await Powell; Canadians showing financial strain
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Global stocks and U.S. futures are slipping this morning as investors await Jerome Powell’s opportunity today to quell their inflation fears. The U.S. Federal Reserve chair will participate in a noon-hour moderated conversation dubbed “What’s Up With the Economy?” at The Wall Street Journal’s virtual jobs summit. We’ll be listening for any indication that he’s growing uneasy with the message emanating from the bond market.
POCKETS OF FINANCIAL STRESS  FOR CANADIANS
That’s the framing from Equifax this morning in its latest quarterly report on consumer credit conditions in this country. While the headline figure shows average consumer debt levels (ex-mortgages) fell in the fourth quarter, the early warning signs are there if you look hard enough. Indeed, Equifax said there was a 31 per cent jump in 30-day (or more) delinquencies ....

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