Consumer price inflation accelerated to 5.7% year-on-year (y/y) in February, up from 5.1% in January, ahead of the consensus forecast for 5.5% and the highest rate in over 30 years. Energy price growth accelerated to 24.1% (from 23.1% in January), as gasoline price growth hit 32.3% year-on-year (up from 31.7% in January). Food price inflation […]
The post Canada: Inflation Hits 5.7% in February, Set to Move Even Higher in March appeared first on Action Forex.
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…
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The market is fixated on the threat of accelerating inflation driven by high energy prices. As a result, central banks are expected to adopt a tighter monetary policy, keeping rates at high levels or even Read more…