Canada’s June CPI release will come on the heels of a downside surprise in the U.S. inflation data that lowered the odds of additional Federal Reserve interest rate hikes beyond a widely expected July increase. Year-over-year growth in Canadian CPI also looks set to decelerate substantially – we expect to see a 2.9% rate in […]
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Germany’s GfK Consumer Sentiment Index fell sharply for December, dropping from -18.4 to -23.3, far below expectations of -18.8. This marks the lowest level since May 2024 (-24.0) and reflects a significant deterioration in household Read more…
ECB Executive Board member Isabel Schnabel stressed the importance of a cautious approach to monetary easing, warning against shifting policy into “accommodative territory.” Speaking to Bloomberg, Schnabel stated that ECB could “gradually move toward neutral” Read more…