Investment banking arm of the Canadian Bank of Montreal
The Federal Reserve has held rates steady under chair Kevin Warsh while signaling inflation remains above target. Markets are pricing in a potential rate hike later this year as dissents and communications style shape expectations.
The labor market has a mix of resilience and weakness. Job openings remain elevated in some sectors while hiring slows overall, with unemployment near 4.1% to 4.2% and labor-force participation at historic lows for this cycle. New data suggest a stubborn, low-hire economy as rates stay high and uncertainty persists.
The bond market has continued to tighten as yields rise amid stronger‑than‑expected economic data and persistent inflation concerns. Investors are weighing higher borrowing costs against the AI investment cycle, with warnings of possible further selloffs if rates stay elevated.
McDonald’s has unveiled an $8.5 billion, decade-long plan to remodel restaurants with PlayPlaces and enhanced dining areas, signaling a push to revive family-friendly spaces. Separately, the chain is piloting an in-house media network on digital drive-thru boards, aiming to generate high-margin revenue as restaurant upgrades continue. Investor day details show leadership stressing value, menu updates, and new design.