ACTV - Two Hot CPI Reports Show That Inflation Will Be Hard To Kill Off
2024-06-26 14:06:37 ET
Summary
- Shock inflation reports in Canada and Australia challenge previous expectations of controlled inflation.
- Market expectations for rate cuts in Canada have shifted following the hotter-than-expected CPI report.
- Rising inflation rates in Canada and Australia have led to increased yields in their respective bond markets, impacting global trends.
The last two days have seen shock inflation reports in Canada and Australia after it had seemed that inflation had finally come under control. The Bank of Canada was so confident in its inflation outlook that it cut rates earlier this month. ...
Two Hot CPI Reports Show That Inflation Will Be Hard To Kill Off