BoC Governor Tiff Macklem delivered a clear warning that the Bank of Canada is becoming increasingly uncomfortable with the inflation risks created by the Middle East conflict. While policymakers are still willing to “look through” the first-round jump in gasoline prices, Macklem stressed that the BoC “will not let” higher energy costs evolve into broader, […]
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Chicago Fed President Austan Goolsbee said the Iran conflict is increasingly behaving as an inflationary shock rather than a stagflationary one, a distinction that carries important implications for monetary policy. Speaking after attending the Milken Read more…
Bitcoin remains decidedly bullish, holding firm above the key $80,000 psychological support level. The price is in a corrective phase after peaking near $82,800 and is currently testing short-term support levels. A close above $82,133 Read more…