The stronger than expected Canadian CPI, combined with stronger employment data, will continue to pressure the Bank of Canada In a matinee to today’s FOMC meeting, Canada released CPI data for February. The headline February print was 5.7% YoY vs 5.5% YoY expected and 5.1% YoY in January. This was the highest level since August 1991! In addition, […]
The post Canadian CPI Stronger than Expected; Pressure Builds on BOC appeared first on Action Forex.
US producer prices surprised to the upside in February, with PPI rising 0.7% mom, more than double expectations of 0.3% mom. The annual rate accelerated to 3.4% yoy from 2.9% yoy, marking the strongest pace Read more…
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Key takeaways BoJ policy pause amid stagflation risks: The Bank of Japan is expected to keep rates unchanged at 0.75%, balancing rising inflation with slowing growth as higher oil prices from the US–Iran war in Read more…