Market movers today The highlight of today will be US CPI for March. We look for 0.4% m/m on the core CPI, in line with consensus. It is a decline from 0.5% m/m in February but still too high for the Fed with respect to reaching the 2% target. Hence, we believe it would seal […]
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In December in the US, headline PCE price index rose 0.3% mom while core PCE price index rose 0.2% mom, both matched expectations. In the 12-month period, PCE price index accelerated from 2.4% yoy to Read more…
Canada’s economy shrank by -0.2% mom in November, marking the largest contraction since December 2023 and coming in weaker than expectations of -0.1% mom decline. The downturn was broad-based, with 13 of 20 sectors reporting Read more…
The Federal Reserve’s preferred inflation gauge held steady again last month, data indicated Friday, but a big jump in personal spending into the end of the year continues to suggest elevated pressures and a lack Read more…