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Weekly Commentary

The Federal Reserve Wants to See Employment and Inflation Make Concrete Gains before Acting

March 19, 2021
François Dupuis • Mathieu D’Anjou • Benoit P. Durocher • Francis Généreux • Lorenzo Tessier-Moreau • Hendrix Vachon


  • The Federal Reserve upgrades its economic forecasts but signals no monetary policy change.
  • United States: Weather sends retail sales, manufacturing and housing starts plunging in February.
  • Canada: The housing market remains lively despite a drop in housing starts in February.
  • Canada: Retail sales slump in January.