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Posts by Karl Schamotta

Market Wire
Claims Fall By More Than Expected, Allaying Fears of Second Wave

Karl Schamotta July 9, 2020

131 million Americans submitted initial requests for unemployment benefits last week, a 99,000-claim drop from the week prior – suggesting that a... read more

Market Wire
Drop in US Retail Sales Shatters Records

Karl Schamotta May 15, 2020

Retail sales fell 164% in April - putting the United States on track toward a Great Depression-like collapse in second quarter gross domestic product... read more

Market Wire
Fed Chair Powell Says Crisis “Without Modern Precedent”, Quashes Negative-Rate Bets

Karl Schamotta May 13, 2020

Federal Reserve Chairman Jerome Powell issued a grim outlook on the US economy this morning, saying the “path ahead is both highly uncertain and... read more

Market Wire
US Loses 20.5 Million Jobs, Shattering Records

Karl Schamotta May 8, 2020

205 million jobs were lost in the United States last month, and the unemployment rate more than tripled from two months ago, hitting 147% To put... read more

Market Wire
Tiff Macklem Assumes Bank of Canada Leadership, May Regret Doing So

Karl Schamotta May 1, 2020

Tiff Macklem will replace Stephen Poloz as Governor of the Bank of Canada in June After an extensive search conducted by outside members of the... read more

Market Wire
Fed Stays Course, Avoids Providing Forward Guidance

Karl Schamotta April 29, 2020

In its latest decision, the Federal Reserve held interest rates steady and kept its asset purchase program open-ended - but stopped short of... read more

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Karl Schamotta

Chief Market Strategist, North America

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Karl leads Cambridge’s currency research group, focused on analyzing shifts in the world economy and creating strategies that help businesses ...

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