How many rate hikes are necessary to control inflation given that the BOC sees it returning to 2% over the long run? The Bank of Canada left rates unchanged at all-time lows of 0.25%. Markets were pricing in a near 60% chance of a hike prior to the meeting. (See our Bank of Canada preview […]
The post Bank of Canada Leaves Rates Unchanged. Is it Less Hawkish Now? appeared first on Action Forex.
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…